Search Results for agency_names:"Federal Housing Finance Agency"

The Federal Housing Finance Agency (FHFA) has issued a final rule to adjust civil money penalties for inflation, as required by the Federal Civil Penalties Inflation Adjustment Act. This rule is applied to various penalties under FHFA’s purview, including those related to flood insurance and program fraud. The adjustments are calculated based on changes in the Consumer Price Index for All Urban Consumers (CPI-U). The adjustments are mandated by law, and the FHFA has determined it does not need to seek public comments on this rule.

The Federal Housing Finance Agency (FHFA) has issued a final rule setting new benchmarks for housing goals for Fannie Mae and Freddie Mac from 2025 to 2027. These goals focus on increasing mortgage purchases that support low-income and very low-income families, as well as households in minority and low-income census tracts. The rule establishes specific levels that the organizations must try to meet or exceed in their purchase of single-family and multifamily mortgages. The FHFA will also apply "measurement buffers" to assess whether housing plans should be required for single-family goals, based on actual market performance versus benchmark levels.

The Federal Housing Finance Agency (FHFA) is inviting public comments on the "Minimum Requirements for Appraisal Management Companies" information collection as per the Paperwork Reduction Act of 1995. This information collection is intended for an extension review and approval by the Office of Management and Budget before its expiration in March 2025. The rules involve state-level requirements for registering and supervising appraisal management companies to ensure they comply with federal standards. FHFA is responsible for overseeing a portion of the reported data burden and is seeking feedback on its necessity, accuracy, and potential methods to reduce it.

The Federal Housing Finance Agency (FHFA) has announced an adjustment to the cap on average total assets to determine if a Federal Home Loan Bank member qualifies as a "community financial institution" (CFI). This cap has been set at $1.5 billion, reflecting a 2.7% increase based on changes in the Consumer Price Index for all urban consumers (CPI-U) from November 2023 to November 2024. This adjustment, effective from January 1, 2025, allows CFI status to be determined using unadjusted CPI-U data, as it is less prone to revisions than adjusted data.

The Federal Housing Finance Agency (FHFA) has issued a final rule to update the rules for civil money penalties by adjusting them for inflation. This adjustment is in line with the Federal Civil Penalties Inflation Adjustment Act, ensuring penalties stay current with economic changes. The new penalty amounts will be effective from January 16, 2025, and apply to violations occurring on or after January 15, 2025. The FHFA will calculate penalties on a case-by-case basis, using a formula tied to changes in the Consumer Price Index, and these updates are mandated by law.

The Federal Housing Finance Agency (FHFA) has announced a review in 2021 of all Federal Home Loan Bank members who are required to meet community support standards. The public is invited to comment on these members' community support performance by March 31, 2021. To comply, members must submit a Community Support Statement by October 29, 2021. Details on how to submit comments and the list of members under review are available on respective Federal Home Loan Banks' websites.

The Federal Housing Finance Agency (FHFA) is proposing a rule requiring Fannie Mae and Freddie Mac to create resolution plans to ensure their smooth operation in case FHFA is appointed as a receiver. This rule is part of developing a strong regulatory framework for these enterprises as they prepare to exit conservatorship. The intended resolution planning aims to minimize market disruptions, ensure fair loss distribution among investors, and enhance market discipline. The FHFA invites public comments on this rule by March 9, 2021.

The Federal Housing Finance Agency (FHFA) has proposed a new rule introducing liquidity and funding requirements for Fannie Mae and Freddie Mac, addressing weaknesses revealed during the 2008 financial crisis. These requirements aim to ensure the companies have enough liquid assets to cover short-term and long-term financial needs, reducing the risk that they will require taxpayer bailouts. The rule also includes reporting obligations for the companies, mandating that their liquidity positions and management strategies be shared with FHFA and the public. The proposal invites public comments and suggests adjustments to liquidity requirements during economic stress.

The Federal Housing Finance Agency (FHFA) has issued Orders for stress test reporting by regulated entities, effective March 4, 2025. These Orders require financial companies with over $250 billion in assets to report their stress test results, ensuring they have enough capital to withstand severe economic conditions. The guidance includes detailed instructions on how the reports should be formatted and submitted. The Orders and instructions can be accessed online through the FHFA’s website.

The Federal Housing Finance Agency (FHFA) is inviting public comments on the information collection related to "Minority and Women Inclusion," which aims to promote diversity on the boards of directors of the Federal Home Loan Banks and the Office of Finance. This initiative is part of the requirements set by the Paperwork Reduction Act and FHFA's Minority and Women Inclusion regulations. The FHFA plans to extend the information collection for an additional three years, ensuring that diversity is included at all levels of these organizations. Comments can be submitted through various methods until March 18, 2025.