The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- United States; Federal Housing Finance Agency, as regulator and conservator of Fannie Mae and Freddie Mac (federal)
- Level
- Federal
- Authority
- 12 U.S.C. § 4617(b)(2)
- Issued
- 2021-04-21 Apr. 21, 2021
- Effective
- 2021-04-21
- End
- 2021-05-31
- In force
- Apr. 21, 2021 to May 31, 2021
- Quarters
- 2021 Q2
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- Fannie Mae and Freddie Mac and their seller/servicers
- Functions reached
- ML mortgage origination (alternative appraisals and verifications through May 31, 2021)
- AP
- HR
- CB
- Character
- context
- Collection
- Federal financial regulators AGY-FED-FINANCIAL
Operative words
Flexibilities to retire at the end of May due to low usage. 4/21/2021... [Fannie Mae and] Freddie Mac (the Enterprises) will extend some temporary loan origination flexibilities until May 31, 2021. All temporary flexibilities were originally set to expire on April 30, 2021.
Enforcement
Enterprise selling requirements
Notes
Fixes the end of the FHFA origination flexibilities at May 31, 2021 (fourteen months after March 23, 2020); the 'low usage' finding is the conservator's own evidence that by the second quarter of 2021 appraisers could again enter homes
Retrieval noteRendered from the Wayback capture of the FHFA release.