Freddie mac phone number update#
The FHFA set forth objectives in its 2022 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions for the Enterprises to update the current pricing framework to increase support for core mission borrowers, while fostering capital accumulation, achieving returns, and ensuring a level playing field for small and large sellers. Late last year, the FHFA set the nation’s conforming loan limits (CLLs) for mortgages to be acquired by the GSEs in 2022 as $647,200 for one-unit properties, an increase of $98,950 from $548,250 in 2021. For second home loans, upfront fees will increase between 1.125% and 3.875%, again, tiered by LTV ratio. The GSEs classify these mortgages as high-balance loans and super conforming loans, respectively. In addition, loans to first-time home buyers in high-cost areas with incomes at or below 100% of area median income (AMI) will have no specific high-balance upfront fees.Īs proposed by the FHFA, in April, upfront fees for high-balance loans will increase between 0.25% and 0.75%, tiered by loan-to-value ratio (LTV). The FHFA has ensured that the GSEs will continue to support affordable housing initiatives, as the existing beneficial pricing treatment of certain programs–such as HomeReady, Home Possible, HFA Preferred, and HFA Advantage–will not be impacted by these new fees. "Today’s action represents another step FHFA is taking to strengthen the Enterprises' safety and soundness and to ensure access to credit for first-time home buyers and low- and moderate-income borrowers." "These targeted pricing changes will allow the Enterprises to better achieve their mission of facilitating equitable and sustainable access to homeownership, while improving their regulatory capital position over time," said FHFA Acting Director Sandra L. The FHFA’s new fees will go into effect for deliveries and acquisitions beginning Friday, April 1, 2022, to minimize market and pipeline disruption. to better understand consumer awareness, understanding, and attitudes toward flood risk, flood insurance, and related resources. Recently, Fannie Mae conducted a national survey of homeowners and renters in the U.S. The FHFA classifies “high balance loans” as mortgages originated in certain designated areas above the baseline conforming loan limit. Fannie Mae Survey Underscores Opportunity to Raise Consumer Awareness About Flood Risk and Flood Insurance. For time sensitive correspondence, please plan accordingly.The Federal Housing Finance Agency (FHFA) has announced targeted increases to Fannie Mae and Freddie Mac's upfront fees for certain high balance loans and second home loans. Please note: that all mail sent to FHFA via the post office is routed through a security process that may delay the delivery by approximately two weeks. Report Waste, Fraud or AbuseĬontact the FHFA Office of Inspector GeneralĬonstitution Center 400 7th Street, SW Washington, D.C. Report technical difficulties or accessibility or 20. Members of Congress or staff please contact: the Office of Congressional Affairs Webmaster For questions about FHFA's Digital Strategy, data governance and best practices, contact the Chief Data Officer (CDO) for the Federal Housing Finance Agency, Senior Associate Director Shawn Bucholtz Job ApplicantsĬareers, USA Jobs or contact the Office of Human Resources Management at 20. Provide Input Form and select the topic of interest. To provide input on policy issues that are open for input, visit the Mortgage Translations Questions and Comments form in the "I want to" section. If you have questions or comments about FHFA's Mortgage Translations collection of translated documents and tools to help mortgage borrowers who have limited English proficiency (LEP), please complete the Mortgage Translations Questions and Comments If you would like to provide input on a Public Input Notice that is published in the Federal Register and is open for input, go to
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