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FHFA Proposes Agency Seller/Servicer Requirement Updates

Phil Hall
Jan 31, 2020
Photo credit: Getty Images/krblokhin

The Federal Housing Finance Agency (FHFA) is proposing to update the minimum financial eligibility requirements for Fannie Mae and Freddie Mac seller/servicers.
According to the agency, the most prominent change from the minimum financial requirements established in 2015 is involves new standards that establish financial requirements for the servicing of Ginnie Mae mortgages. Other changes include increasing the minimum base liquidity from 3.5 basis points (bps) to 4.0 bps and updating the incremental NPL charge from 6 percent to four percent.
The FHFA is accepting input on its proposal for the next 60 days, and feedback can be forwarded to The agency added that it could finalize these new requirements during the second quarter and make them effective six months after they are finalized. 
Just yesterday, the FHFA announced a realignment of its structure, designed to prepare to operate more efficiently after the government-sponsored enterprises (GSEs) are released from federal conservatorship.

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