FHFA Announces Update for Services to Maintain Fair Lending Data

The Federal Housing Finance Agency on Wednesday announced Fannie Mae and Freddie Mac will require servicers to obtain and maintain fair lending data on their loans, and for this data to transfer with servicing throughout the mortgage term.

FHFA Announces New Office of Financial Technology

The Federal Housing Finance Agency, Washington, ​D.C., established the Office of Financial Technology to serve as a centralized source of information to support the agency in addressing emerging risks and advancing agency priorities related to fintech.

Industry Briefs July 1, 2022

Southwest Stage Funding LLC, dba Cascade Financial Services, a national provider of financing to buyers of manufactured homes, launch its Social Bond Framework, which furthers the company’s commitment to creating pathways for affordable housing.

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.