FHFA Re-Assures MBA, Trades’ Concerns over New GSE Credit Score Requirements

Following concerns expressed in a May 13 letter, the Federal Housing Finance Agency assured the Mortgage Bankers Association and other industry trade groups that industry stakeholders such as themselves would have sufficient time to implement necessary system and process changes that any updates to Fannie Mae and Freddie Mac’s credit score requirements would entail.

FHFA Publishes Final Rule on GSE Capital Plans

The Federal Housing Finance Agency published a final rule that supplements the Enterprise Regulatory Capital Framework by requiring Fannie Mae and Freddie Mac to submit annual capital plans to the Agency and provide prior notice for certain capital actions.