Posts tagged Federal Housing Finance Agency.

On April 22, 2020, the Federal Housing Finance Agency announced that it is allowing Fannie Mae and Freddie Mac (the “GSEs”) to purchase loans that go into forbearance within the first month after closing. Previously, the GSEs were not permitted to purchase loans that were in forbearance. According to the FHFA, this change, prompted by the rising number of forbearances due to the COVID-19 pandemic, is geared toward the purpose of keeping the mortgage market “working for current and future homeowners during these challenging times.”

Guide bulletins issued by the GSEs ...

In a joint release, Office of the Comptroller of the Currency, Treasury; Board of Governors of the Federal Reserve System; Federal Deposit Insurance Corporation; Federal Housing Finance Agency; National Credit Union Administration; and U.S. Securities and Exchange Commission, (collectively "Regulators"), have issued their long-anticipated Proposed Rule limiting incentive-based compensation for bankers Thursday.

This 2016 Proposed Rule is stronger and broader than the one Regulators initially proposed in 2011. The Rule largely mirrors the industry trends in ...

Posted in: Compensation
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