FHFA Requests Public Input for Duty to Serve Program Provisions – Deadline Nov. 2, 2018

The Federal Housing Finance Agency (FHFA) recently released a Request for Input to the public regarding proposed modifications to the Enterprises’, Freddie Mac and Fannie Mae, Duty to Serve (DTS) program. These proposed modifications will the purchase or rehabilitation of distressed properties activity, chattell loan pilot,  investment in LIHTC properties and financing by small financial institutions, as included in the 2018-2020 Underserved Markets Plans.

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SHETalks: Sharron P.A. Levine on Public Housing Issues & Women’s Changing Roles in the Industry

Sharron P.A. Levine, Director of the Office of Minority and Women Inclusion (OMWI) at the Federal Housing Finance Agency (FHFA), was the first in our SHETalk series. She gave a historical overview of housing for minorities and women, focusing on how housing design has changed through the 20th and 21st centuries and how housing policy and design has impacted women’s lives.

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Fannie Mae & Freddie Mac Conclude Expansion in Single-Family Rental Market

The Federal Housing Finance Agency (FHFA) announced yesterday that government-sponsored enterprises Fannie Mae and Freddie Mac will end their expansion into the single-family rental market by halting the single-family rental pilot programs initiated in the last two years. The FHFA has concluded that the market is able to run smoothly without the assistance of GSEs, even though they will still retain previous investor programs such as Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages.

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2018 NAWRB Conference Live Updates: Building Infrastructure, Maintaining Agriculture & Disaster Recovery

The second to last panel to grace our stage was the Building Infrastructure, Maintaining Agriculture & Disaster Recovery Panel, featuring Michelle Corridon, Deputy Director, USDA Rural Development; Noemi Lujan-Perez, VP of Government and Media Relations, EcoDiversity; James K. Joseph, Regional Administrator, FEMA Region V; Sharron P.A.  Levine, Director of the Office of Minority and Women Inclusion, Federal Housing Finance Agency (FHFA); and Desiree Patno, CEO & President, NAWRB. These professionals shared how their agencies respond to natural disasters and provide financial assistance to affected homeowners and business owners, while also letting attendees know about contracting opportunities and how they can be involved in developing trends in infrastructure.

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2018 NAWRB Conference Live Updates: SHETalks Sharron P.A. Levine, Dr. Chitra Dorai & Dottie Herman

We kicked off the 2018 NAWRB 5th Annual Conference, “Year of Women,” this morning with three inspiring SHETalks by Sharron P.A. Levine, Director of the Office of Minority and Women Inclusion (OMWI) at the Federal Housing Finance Agency (FHFA); Dr. Chitra Dorai, Former IBM Fellow and Master Inventor; and Dottie Herman, CEO of Douglas Elliman. All of these thought leaders and business owners delivered enlightening sound bites of important issues affecting the industry, such as opportunities for women in housing as professionals and consumers, Technology Human Balance and the rules for building a successful business.

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FHFA Halts Search for New Credit Score Models

Today the Federal Housing Finance Agency (FHFA) announced that it is shelving its search of a new credit score model, a decision that was expected to be announced in 2018, to focus its attention on implementing the Economic Growth, Regulatory Relief and Consumer Protection Act enacted earlier this year. The Act requires the agency to set definitive rules for Enterprises to follow when validating current credit score models.

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FHFA Requests Comments on Affordable Housing Program

The Federal Housing Finance Agency (FHFA) announced a Request for Comments (RFC) from the public regarding proposed amendments to its regulation on the Federal Home Loan Banks’ Affordable Housing Program (AHP or Program). The deadline for submitting comments has been extended to June 12, 2018.

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FHFA House Price Index Increases 0.6 Percent in February

In a recent news release, the Federal Housing Finance Agency (FHFA) revealed that United States house prices in February rose 0.6 percent from the previous month, according to its seasonally adjusted monthly House Price Index (HPI). The previous house price increase in January, at 0.8 percent, has been adjusted to reflect this new finding.

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FHFA Director Melvin L. Watt Delivers Moving Speech at Connect 2018

The Federal Housing Finance Agency (FHFA) has released the prepared remarks of Director Melvin L. Watt at the national Connect 2018 conference organized by the National Association of Minority Mortgage Bankers of America (NAMMBA). He shares a glimpse into his personal journey from a small community in North Carolina to becoming an influential leader of an agency that oversees trillions of dollars, and highlights how the intersecting factors of inclusion, economic opportunity and homeownership form the lives of countless Americans.

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FHFA Releases RFC for Responsibilities of Boards of Directors, Corporate Practices and Corporate Governance

The Federal Housing Finance Agency (FHFA) has recently announced a Request for Comments (RFC) regarding proposed amendments to its regulation on the Responsibilities of Boards of Directors, Corporate Practices, and Corporate Governance for all its regulated entities. These amendments will require directors of all entities to have strategic business plans in effect throughout the year, including annual reviews, re-adoption and reporting requirements.

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