Items Tagged with 'FHFA'

ARTICLES

  • Watt out: OCC’s Otting officially takes over as FHFA director

    Otting will serve as interim director until Senate votes on Calabria
    Mel Watt’s time as the director of the Federal Housing Finance Agency is officially over. Watt became the first Senate-confirmed director of the FHFA back in 2014, and led the FHFA for five years, but his term as FHFA director ended on Jan. 6, 2019. Here's a look back at Watt's time at the FHFA and a look ahead at what's next.
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  • FHFA issues new rule effectively prohibiting Fannie and Freddie from using VantageScore

    Regulators cites conflict of interest as concern in alternative credit score proposal
    Anyone hoping that Fannie Mae and Freddie Mac may soon start using VantageScore as an alternative to their current FICO credit scoring model is about to get a cold dose of reality. The FHFA announced this week that it is issuing new rules surrounding the adoption of alternative credit scoring rules. Chief among those rules is a provision that would prohibit the GSEs from using the VantageScore credit scoring model because of conflicts of interest with the company’s backers.
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  • What would Mark Calabria as FHFA director mean for the future of Fannie and Freddie?

    Analysts weigh Calabria’s potential impact
    The Trump administration has officially nominated Mark Calabria to be the next director of the FHFA when Mel Watt’s term is up early next year. But what would Calabria bring to the FHFA and what might that mean for the future of Fannie Mae and Freddie Mac? Here's a look at what's next, from those in the know.
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  • Is the FHA about to raise the HECM lending limit?

    And what would this mean for reverse mortgages?
    Last week, the FHFA raised conforming loan limits for Fannie Mae and Freddie Mac, leaving some to wonder if an increase in HECM loan limits from the FHA will follow. If the FHA opts to increase the limit for the third consecutive year, it could be raised by about $46,000 to $726,525. How will this impact HECMs and what will it mean for the developing proprietary market?
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  • Freddie Mac misses low-income housing goals in 2017

    Fannie Mae passes all goals
    The Federal Housing Finance Agency released a new report showing Freddie Mac did not meet all of its low-income housing goals for 2017. Fannie Mae, on the other hand, met all of its low-income housing goals. The FHFA explained this decision is preliminary and could change based on the GSEs’ response.
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  • FHFA: Home prices increase 0.3% in August

    But the Middle Atlantic division declined 0.7%
    Home prices rose in August, inching forward 0.3% from July according to the latest monthly House Price Index from the Federal Housing Finance Agency. According to the report, across the nine census divisions, the Mountain division continues to see the strongest appreciation growth.
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