Skip to main content

FHFA Notifies GSEs About Required Stress Testing
Dec 17, 2013

The Federal Housing Finance Agency (FHFA) sent a Notice to the Federal Register concerning Orders issued to Fannie Mae, Freddie Mac and the twelve Federal Home Loan Banks (the regulated entities) requiring reporting of annual stress testing results. The Orders, which include the stress test scenarios, were issued on November 26, 2013 under FHFA’s final stress testing rule. The stress tests, required by the Dodd-Frank Act, are designed to determine whether the regulated entities have the capital necessary to absorb losses as a result of adverse economic conditions. FHFA also issued Summary Instructions and Guidance including revised templates the regulated entities will use to report the results of the testing. The Dodd-Frank Act requires the tests annually for financial companies that have total consolidated assets of $10 billion or more and are regulated by a primary federal financial regulatory agency. The regulated entities are required to submit the results of stress tests based on three scenarios: Baseline, Adverse, and Severely Adverse. Assumptions for the variables in each separate scenario differ, and the regulated entities are expected to use those variables that are relevant to their individual lines of business. Fannie Mae and Freddie Mac are required to publish their results by April 30, 2014. The Federal Home Loan Banks must publish their results by July 30, 2014. For this year, Fannie Mae and Freddie Mac are also required to conduct additional FHFA-required stress tests, as they have in the past, in conjunction with the initial implementation of the Dodd-Frank Act stress tests. FHFA expects to release those results along with a comparison to the results of the Dodd-Frank Act stress tests in the second quarter of 2014. Going forward, the Dodd-Frank Act stress tests will replace the financial projections of Fannie Mae and Freddie Mac that FHFA has released in the past.
Dec 17, 2013
FHFA Proposes Extra Disclosure Rules For Fannie, Freddie

The proposed rule for the Enterprise Regulatory Capital Framework seeks to put Enterprises on a "level playing field" with U.S. banking requirements.

Regulation and Compliance
Oct 28, 2021
Crime Stories From The Trenches

Bad brokers, renegade Realtors, treacherous title agents. It’s getting tough out there.

Regulation and Compliance
Oct 26, 2021
Feds Reviewing Appraisal Standards, Qualifications

Appraisal Subcommittee said requirements are being reviewed to determine whether they ensure and promote fairness, equity, objectivity, and diversity, in both appraisals and in the training and credentialing of appraisers.

Regulation and Compliance
Oct 20, 2021
​​​​​​​FHFA OK's Desktop Appraisals, Expands Refi Criteria

The Federal Housing Finance Agency (FHFA) said Monday it will take two steps to help make home ownership more affordable and sustainable for mortgage borrowers, especially for those in underserved communities. 

Regulation and Compliance
Oct 19, 2021
CFPB Names 4 To Key Senior Positions

The appointees include two who helped create the bureau and two who served on the CFPB staff during the Obama administration.

Regulation and Compliance
Oct 14, 2021
FHFA Raises Enterprises' Multifamily Loan Purchase Caps

The Federal Housing Finance Agency (FHFA) said the 2022 multifamily loan purchase caps will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.

Regulation and Compliance
Oct 13, 2021