FHFA to re-propose financial eligibility requirements for GSE seller/servicers

The Federal Housing Finance Agency (FHFA) announced Monday it will be re-proposing the updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers.

According to the agency, it has determined that it is prudent to work with the Enterprises to reassess and re-propose these requirements, including incorporating lessons learned from the evolving COVID-19 national emergency.

The original proposal was made on Jan. 31 and will not be finalized and implemented this month as planned.

 

continue reading »