Freddie Mac FHFA Proposes Minimum Financial Eligibility Requirements for Sellers/Servicers
On January 30, Freddie Mac released an update titled FHFA Proposes Minimum Financial Eligibility Requirements for Seller/Servicers.
FHFA Proposes Minimum Financial Eligibility Requirements for Seller/Servicers
Today, the Federal Housing Finance Agency (FHFA) proposed new minimum financial eligibility requirements for Seller/Servicers that do business with Freddie Mac and Fannie Mae.
On its website, FHFA outlines the proposed Seller/Servicer eligibility requirements for:
- Minimum net worth
- Minimum capital ratio
- Minimum liquidity
These requirements ensure the safe and sound operation of Freddie Mac and Fannie Mae and further FHFA’s goal of fostering liquid, efficient, competitive, and resilient national housing finance markets.
Once the requirements are finalized by FHFA, we will provide detailed information about the implementation, including the effective date, in a future Single-Family Seller/Servicer Guide Bulletin.
For More Information
- Read FHFA’s press release.
- Review the proposed minimum financial requirements and FAQs.
Please click here to view the online update.
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.