FHFA AB 2015-03 Rescission of Division of Enterprise Regulation Guidance Documents
On March 26, the Federal Housing Finance Agency (FHFA) released Advisory Bulletin AB 2015-03, titled Rescission of Division of Enterprise Regulation Guidance Documents.
Rescission of Division of Enterprise Regulation Guidance Documents
Number: AB 2015-03
Pertains To: Fannie Mae & Freddie Mac
RESCISSION OF DIVISION OF ENTERPRISE REGULATION GUIDANCE DOCUMENTS
The Federal Housing Finance Agency (FHFA) is issuing this advisory bulletin to rescind five examination guidance documents issued by the Office of Federal Housing Enterprise Oversight (OFHEO).
In an effort to keep guidance related to the examination process current, FHFA regularly reviews outstanding guidance, including guidance issued by its predecessor agencies. As a result of the most current review, FHFA has determined that five guidance documents issued by OFHEO should be rescinded. These five guidance documents have been superseded by FHFA guidance, or restate regulations without providing additional guidance, or are no longer relevant or applicable in the current environment.
This Advisory Bulletin rescinds:
- PG-00-001: Minimum Safety and Soundness Requirements (12/19/2000)
- PG-00-002: Non-Mortgage Liquidity Investments (12/19/2000)
- PG-06-001: Examination for Corporate Governance (11/8/2006)
- PG-06-003: Examination for Accounting Practices (11/8/2006)
- PG-08-002: Standards for Enterprise Use of the Fair Value Option (4/21/2008)
??????Advisory bulletins communicate guidance to FHFA supervision staff and the regulated entities on specific supervisory matters pertaining to the Federal Home Loan Banks, Fannie Mae, and Freddie Mac. Contact Bobbi Montoya, Associate Director, Office of Supervision Policy at (202) 649-3406 or Bobbi.Montoya@fhfa.gov or Carol Connelly, Principal Examiner, Examination Standards Branch, at (202) 649-3232 or Carol.Connelly@fhfa.gov?, with comments or questions pertaining to this bulletin.
Please click here to view Advisory Bulletin 2015-03 [pdf].
Please click here to view Advisory Bulletin 2015-03 online.
Safeguard Properties is the mortgage field services industry leader, preserving vacant and foreclosed properties across the U.S., Puerto Rico, Virgin Islands and Guam. Founded in 1990 by Robert Klein and headquartered in Cleveland, Ohio, Safeguard provides the highest quality service to our clients by leveraging innovative technologies and proactively developing industry best practices and quality control procedures. Consistent with Safeguard’s values and mission, we are an active supporter of hundreds of charitable efforts across the country. Annually, Safeguard gives back to communities in partnership with our employees, vendors and clients. We also are dedicated to working with community leaders and officials to eliminate blight and stabilize neighborhoods. Safeguard is dedicated to preserving today and protecting tomorrow. Website: www.safeguardproperties.com.