The Federal Housing Finance Agency (FHFA) is considering making adjustments to existing regulations regarding the GSEs (Government Sponsored Enterprises) and the FHLBs (Federal Home Loan Banks) in regards to mortgages and properties with certain types of private transfer fees covenants attached to them.
The proposed amendment aims to ensure that the GSEs and FHLBs have more flexibility when it comes to their involvement in mortgages with private transfer fee covenants. In particular, the proposed updates could potentially make it easier for mortgages associated with such covenants to qualify as being eligible for purchase, investment in, or dealings in, as well as possibly making it easier to obtain credit by the related entities.
Important Elements:
• FHFA considering charters for GSEs and FHLBs that are more flexible for mortgages with private transfer fee covenants
• GSEs and FHLBs could have more options and possibilities to purchase, invest in or deal in mortgages with such covenants
• FHFA pursuing updates that could make it easier to obtain credit by entities associated with the covenants
You can read this full article at: https://www.housingwire.com/articles/fhfa-considers-exceptions-for-enterprises-aiming-to-acquire-mortgages-with-shared-equity-features/(subscription required)
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