What is the purpose of the FHFA?
The Federal Housing Finance Agency (FHFA) was established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of Fannie Mae, Freddie Mac (the Enterprises) and the Federal Home Loan Bank System, which includes the 11 Federal …
Who controls FHFA?
Federal Housing Finance Agency
|Preceding agencies||Federal Housing Finance Board Office of Federal Housing Enterprise Oversight|
|Agency executive||Sandra Thompson, Acting Director|
What is FHFA SCP?
FHFA established the Suspended Counterparty Program to help address the risk to Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (“the regulated entities”) presented by individuals and entities with a history of fraud or other financial misconduct.
What is the difference between FHA and FHFA?
It is entirely separate from the Federal Housing Administration (FHA), which provides mortgage insurance. The FHFA took over the legal and regulatory authority of the entities it replaced. It has the ability to put government-sponsored entities into receivership or conservatorship.
Who is head of FHFA?
If he is nominated and confirmed to lead the FHFA, Michael Calhoun would likely continue a focus on affordable housing and fair-lending issues that acting Director Sandra Thompson has prioritized since taking the helm of the agency….Candidate to head FHFA favors turning Fannie, Freddie into utilities.
Is Fhfa the same as FHA?
Understanding the Federal Housing Finance Agency It is entirely separate from the Federal Housing Administration (FHA), which provides mortgage insurance. The FHFA took over the legal and regulatory authority of the entities it replaced.
Where can I find the Freddie Mac exclusionary list?
The Exclusionary List is updated at least monthly by Freddie Mac and is electronically available to Seller/Servicers at https://sf.freddiemac.com/fmel(opens in new window) and through various Freddie Mac systems, including Freddie Mac Loan Advisor®.
What government agency manages the Suspended Counterparty Program?
The Federal Housing Finance Agency
The Federal Housing Finance Agency (Agency or FHFA) regulates and supervises Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (collectively the regulated entities). In June 2012, FHFA promulgated a Suspended Counterparty Program (SCP) to provide the regulated entities with protection from counterparty risks.
When was Fhfa created?
July 30, 2008
Federal Housing Finance Agency/Founded
Is Freddie Mac a Fannie Mae?
Though both enterprises are better known by their nicknames, Fannie Mae and Freddie Mac have more official titles: Fannie Mae is the Federal National Mortgage Association (FNMA) and Freddie Mac is the Federal Home Loan Mortgage Corporation (FMCC).
What are federal Fair Housing laws?
Fair Housing Laws Law and Legal Definition. Fair housing laws are the federal, state and local laws which forbid discrimination based on race, sex, color, religion or national origin in the selling or renting of homes, apartments and in other transactions. These laws are codified in Title VIII of the 1968 Civil Rights Act,…
What is the federal Fair Housing Act?
The 1968 Fair Housing Act is a federal act in the United States intended to protect the buyer or renter of a dwelling from seller or landlord discrimination.
What is fair housing rule?
Fair Housing Rules. Housing Is Covered? The Fair Housing Act covers most housing. In some circumstances, the Act exempts owner-occupied buildings with no more than four units, single-family housing sold or rented without the use of a broker, and housing operated by organizations and private clubs that limit occupancy to members.
What is federal Fair Housing?
Fair Housing. The Federal Fair Housing Act protects people from discrimination when they are renting, buying, or securing financing for any housing.