Supreme Court to Decide Lawfulness of FHFA Structure

The United States Supreme Court (USSC) will hear arguments in a case that challenges the single-director leadership structure of the Federal Housing Finance Agency (FHFA), just weeks after a ruling in which it deemed a similar structure at the Consumer Financial Protection Bureau (CFPB) unconstitutional. “The justices granted a pair of cases, Collins v. Mnuchin […]

CFPB, HUD and FHFA Launch COVID-19 Consumer Housing Website

The Consumer Financial Protection Bureau (CFPB), in conjunction with the Department of Housing and Urban Development (HUD) and Federal Housing Finance Agency (FHFA), today announced the launch of a new website to help homeowners and renters impacted by the COVID-19 crisis. The site offers resources to help mortgage holders and renters find relief in cases […]

CFPB Takes Action on Housing Matters During Coronavirus Crisis

The Consumer Financial Protection Bureau (CFPB) has taken several actions this week in an effort to assist consumers affected by the COVID-19 coronavirus pandemic with housing matters, including issuing a final rule on data reporting thresholds under the Home Mortgage Disclosure Act (HMDA), and partnering with the Federal Housing Finance Agency (FHFA) on a borrower […]

Trump Orders HUD, FHFA to Suspend All Foreclosures, Evictions

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) will be suspending all foreclosures and evictions for the next 60 days in response to the economic shock renters and homeowners are experiencing due to the outbreak of the COVID-19 coronavirus. This is according to President Donald Trump, who […]

FHFA Increases Conforming Loan Limits for Fannie, Freddie in 2020

The Federal Housing Finance Agency (FHFA) announced on Tuesday that it would be increasing the conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac for the fourth consecutive year. In most of the United States, the maximum conforming loan limit for one-unit properties in 2020 will be $510,400, an increase […]