Pete Mills, Senior Vice President of Residential Policy and Strategic Industry Engagement at MBA, issued the following statement regarding the release of the Federal Housing Finance Agency’s review of the Federal Home Loan Bank System.
Tag: Federal Home Loan Banks
FHFA Announces ‘Comprehensive Review’ of FHLB System
The Federal Housing Finance Agency on Wednesday announced it will conduct a comprehensive review of the Federal Home Loan Bank System beginning this fall.
FHFA Announces ‘Comprehensive Review’ of FHLB System
The Federal Housing Finance Agency on Wednesday announced it will conduct a comprehensive review of the Federal Home Loan Bank System beginning this fall.
FHFA Releases GSE 2021 Mission Report
The Federal Housing Finance Agency released its annual Mission Report that describes Fannie Mae, Freddie Mac and Federal Home Loan Bank activities to increase access to financing for economic development and affordable, equitable and sustainable housing.
MBA Letter Addresses Concerns About FHFA Strategic Plan
The Mortgage Bankers Association, in comments to the Federal Housing Finance Agency, expressed support for many elements of the proposed FHFA five-year strategic plan while raising concerns on several issues.
MBA Letter Urges FHFA to Diversify FHLB System Membership Base
The Mortgage Bankers Association, in a letter to Federal Housing Finance Agency Director Mark Calabria, urged FHFA to expand membership in the Federal Home Loan Bank system to include captive insurers, including mortgage real estate investment trusts and independent mortgage banks.
Industry Briefs June 16, 2020
To help limited English proficiency borrowers who are experiencing mortgage-related difficulties due to the coronavirus national emergency, the Federal Housing Finance Agency added new translations to the Mortgage Translations website. Site visitors can now choose English, Spanish, traditional Chinese, Vietnamese, Korean, or Tagalog when accessing scripts that servicers use when discussing COVID-19 forbearance with borrowers.
FHFA Publishes Final Rule on FHLBank Housing Goals
The Federal Housing Finance Agency yesterday published a final rule on the Federal Home Loan Banks’ Housing Goals, set to take effect in 2021.
FHFA Allows FHLBs to Accept Paycheck Protection Program Loans as Collateral
The Federal Housing Finance Agency announced yesterday that Federal Home Loan Banks can accept Paycheck Protection Program loans as collateral when making loans (advances) to their members.
FHFA, CFPB Announce Borrower Protection Program
The Federal Housing Finance Agency and the Consumer Financial Protection Bureau announced the Borrower Protection Program, a joint initiative that enables CFPB and FHFA to share servicing information to protect borrowers during the coronavirus national emergency.