FHFA’s Strategic Plan for the GSEs

first_img in Daily Dose, Featured, Foreclosure, Government, Headlines, News, Secondary Market Demand Propels Home Prices Upward 2 days ago  Print This Post Data Provider Black Knight to Acquire Top of Mind 2 days ago Joey Pizzolato is the Online Editor of DS News and MReport. He is a graduate of Spalding University, where he holds a holds an MFA in Writing as well as DePaul University, where he received a B.A. in English. His fiction and nonfiction have been published in a variety of print and online journals and magazines. To contact Pizzolato, email [email protected] Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Federal Housing Finance Agency 2017-09-27 Joey Pizzolato Share Save Servicers Navigate the Post-Pandemic World 2 days ago Previous: Does Owning a Home Affect Financial Stability? Next: Protecting Data Properly Sign up for DS News Daily September 27, 2017 2,161 Views Related Articles About Author: Joey Pizzolatocenter_img FHFA’s Strategic Plan for the GSEs Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Home / Daily Dose / FHFA’s Strategic Plan for the GSEs The Federal Housing Finance Agency (FHFA) released its Strategic Plan for the fiscal years of 2018 through 2022, in which it outlined three strategic goals that it plans on implementing in its continued effort to serve the housing market.Strategic Goal 1: Ensuring Safe and Sound Regulated Entities According to the report, the FHFA uses a uniform risk-based approach in its supervision, in which it examines regulated entities activities and assesses the amount of financial risk that activity may hold for the institution. Examinations occur on an annual basis, as well as targeted examinations, and, if need be, off-site reviews. In this respect, two ratings are assigned: a composite rating on overall well-being of the institution, and individual rankings of components, including capital, asset quality, management, earnings, liquidity, sensitivity to market risk, and operational risk.Strategic Goal 2: Ensure Liquidity, Stability, and Access in Housing FinanceThe FHFA says it has, “the statutory obligation to ‘foster liquid, efficient, competitive, and resilient national housing finance markets,’” In the realm of Federal Home Loan Banks, the FHFA will ensure that these local branches will fulfil their obligation in providing liquidity to their members.The FHFA will also require both Fannie Mae and Freddie Mac (GSEs) to engage in actions that improve liquidity in the single-family housing market, improve servicing standards and expand foreclosure prevention practices, and continue to serve in the multifamily and affordable housing market.Strategic Goal 3: Manage the Enterprises Ongoing ConservatorshipIn this respect, the FHFA will use its conservatorship over the GSEs to ensure that their infrastructure promotes maximum mortgage credit availability and assist homeowners facing hardship while minimizing taxpayer loss. It will also maintain clear standards and expectations for managing executives at the GSEs, and ensure the replacement of exiting officials in a timely manner.To read the full, 22-page outlook on how the FHFA will fulfil its obligations to the housing community, click here. Demand Propels Home Prices Upward 2 days ago Subscribe Tagged with: Federal Housing Finance Agency Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days agolast_img read more