#MBAAnnual22: Ginnie Mae, FHFA, FHA Go Big

NASHVILLE—Presentations by government agencies at major events such as the Mortgage Bankers Association’s Annual Convention & Expo can be pretty staid affairs. Not so this year. On Monday, Ginnie Mae, the Federal Housing Finance Agency and FHA made one major announcement after the other, literally creating their own news cycle.

#MBAAnnual22: Ginnie Mae, FHFA, FHA Go Big

NASHVILLE—Presentations by government agencies at major events such as the Mortgage Bankers Association’s Annual Convention & Expo can be pretty staid affairs. Not so this year. On Monday, Ginnie Mae, the Federal Housing Finance Agency and FHA made one major announcement after the other, literally creating their own news cycle.

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 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.