FHFA plans to eliminate GSEs' equitable housing finance plans

Congressional Members Query FHFA Director Over Cryptocurrency Plan - The MortgagePoint

U.S. Sens. Jeff Merkley and Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, Chris Van Hollen, Mazie Hirono, and Bernie Sanders have sent a letter to William Pulte, the Director of the Federal Housing Finance Agency (FHFA), raising concerns about his recent order directing Fannie Mae and Freddie Mac (GSEs) to submit proposals that would allow mortgage lenders to account for unconverted cryptocurrency …

FHFA plans to eliminate GSEs' equitable housing finance plans

The Federal Housing Finance Agency (FHFA) is proposing to repeal its fair lending, fair housing and equitable housing finance rule, arguing that the regulation is duplicative that the repeal aligns with prior executive orders aimed at streamlining agency functions. The rule, finalized in May 2024 under the Biden administration, required Fannie Mae and Freddie Mac to develop and report on Equitable Housing Finance Plans (EHFPs) alongside other fa…