FHFA: Extended Comment Period for Proposed Minimum Financial Eligibility Requirements for Fannie Mae and Freddie Mac Seller/Servicers
Investor Update
March 31, 2020
Source: FHFA
Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced a 30-day extension to the comment period for the proposed update to the minimum financial eligibility requirements for Fannie Mae and Freddie Mac Seller/Servicers.
FHFA released the proposed update to the minimum financial requirements in January to further strengthen the Enterprises’ Seller/Servicer requirements and provide transparency and consistency of capital and liquidity required for Seller/Servicers with different business models.
FHFA will receive input on these requirements through April 30th at ServicerEligibility@fhfa.gov.
Link to Requirements and Frequently Asked Questions
DATES: This rule is effective March 24, 2020.
Contacts: Media: Raffi Williams (Raphael.Williams@FHFA.gov) / Cynthia Adcock (Cynthia.Adcock@FHFA.gov)