Fannie and Freddie modified their policies to support lower-income borrowers by allowing greater use of downpayment assistance and equity-sharing programs.
FHFA has asserted that most of the changes to the GSEs’ loan-level pricing adjustment grids are risk based or meant to meet the GSEs’ capital requirements.
The chair of the Senate Banking Committee wants FHFA to examine the implications of the Federal Home Loan Banks becoming the lender of last resort for struggling financial institutions.
Fannie and Freddie in a joint comment letter expressed concerns that the SEC’s proposed rule on conflict of interest could prevent the GSEs from issuing credit-risk transfer notes in a post-conservatorship world.
For Fannie, the most obvious change was a major expansion of the EHFP’s target audience. In its initial plan, the enterprise had focused almost exclusively on Black homebuyers.
The regulator of the GSEs wants to know if there are ways it can help improve protections for the tenants of apartment buildings financed by Fannie and Freddie.