In response to concerns raised by various trade groups, the Federal Housing Finance Agency (FHFA) has made modifications to its proposed amendments to the Suspended Counterparty Program (SCP). The new version of the proposal is less severe and aims to address the potential impacts on the mortgage market that were highlighted by industry stakeholders.
Key points from the FHFA’s revised proposal include:
– The FHFA has adjusted its initial plan for changes to the SCP in response to feedback from trade groups.
– The new version of the proposal seeks to mitigate potential negative effects on the mortgage market.
– Industry stakeholders expressed concerns about the original proposal’s impact on mortgage market liquidity and accessibility.
– The FHFA’s decision to amend the SCP reflects a responsive approach to industry feedback and aims to strike a balance between regulatory oversight and market stability.
You can read this full article at: https://www.housingwire.com/articles/fhfa-suspended-counterparty-program-amendments/(subscription required)
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