FHFA Announces 2022 Deemed-Issuance Ratio

The Federal Housing Finance Agency on Monday announced the deemed-issuance ratio for the 2022 calendar year in accordance with Internal Revenue Service guidelines on trading the Uniform Mortgage-Backed Security.

MBA Lends Support for Bill that Would Curb IRS/Treasury Account Queries

The Mortgage Bankers Association sent a letter of support last week To Sen. Tim Scott, R-S.C., who introduced a bill would prevent the Internal Revenue Service and the Treasury Department from imposing unusual reporting requirements on financial services providers to track and submit customer account information.

FHFA Holds 2021 Deemed-Issuance Ratio for UMBS at 60/40

The Federal Housing Finance Agency announced the deemed-issuance ratio for the 2021 calendar year in accordance with Internal Revenue Service guidelines on trading of the Uniform Mortgage-Backed Security will remain unchanged in 2021 at 60 percent Fannie Mae and 40 percent Freddie Mac.