December 19, 2016

In Case You Missed It: A Look at Recent National Housing Policy News

FHFA Releases 2017 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions  

The Federal Housing Finance Agency (FHFA) released the 2017 Scorecard outlining specific conservatorship priorities for Fannie Mae, Freddie Mac, and their joint venture, Common Securitization Solutions, LLC.  The 2017 Scorecard furthers the goals outlined in FHFA’s Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac, published in May 2014.  These goals include:

  • Maintain, in a safe and sound manner, credit availability and foreclosure prevention activities for new and refinanced mortgages to foster liquid, efficient, competitive and resilient national housing finance markets; 
  • Reduce taxpayer risk through increasing the role of private capital in the mortgage market; and 
  • Build a new single-family securitization infrastructure for use by the Enterprises and adaptable for use by other participants in the secondary market in the future.

FHFA Releases Final Duty to Serve Rule for Fannie Mae and Freddie Mac 

The Federal Housing Finance Agency (FHFA) released its final "Duty to Serve" rule requiring the Government Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to support lending for housing for low-income families in three underserved segments of the housing finance market: manufactured housing, affordable housing preservation, and rural areas. The rule fulfills a statutory mandate placed on the GSEs by the Housing and Economic Recovery Act of 2008. FHFA also released a factsheet summarizing the rule. The rule will take effect January 2018.

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