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COVID-19

FHFA Summary of Draft Notice of Proposed Rulemaking Relating to Enterprise Capital Standards

When FHFA released the draft of its lengthy notice of proposed rulemaking for Fannie Mae and Freddie Mac capital requirements, it also provided this Fact Sheet summary document.

FHFA Announcement of Refinance and Home Purchase Eligibility for Fannie Mae and Freddie Mac Borrowers

As part of its response to the coronavirus national emergency, FHFA announced that Fannie Mae and Freddie Mae will, temporarily, purchase loans originated to borrowers in forbearance, and that enhanced due diligence will be required to do so.

Why Congress Should Enact the Emergency Rental Assistance and Rental Market Stabilization Act

This document provides talking points HFAs and their partners can use to advocate for the enactment of the Emergency Rental Assistance and Rental Market Stabilization Act.

NCSHA Summary of House HEROES Act

NCSHA staff prepared the attached memorandum to summarize the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act under consideration in the House of Representatives. The bill would provide more than $3 trillion for coronavirus relief in programs across government agencies, including state and local assistance; additional individual payments; and significant funding for education, public health, and affordable housing; and make other housing-related changes.

Senatorsā€™ May 14 Letter to Treasury and the Federal Reserve on Municipal Bonds

On May 14, 2020, a group of Senators wrote Treasury Secretary Mnuchin and Federal Reserve System Board Chair Powell to encourage them to take further action to stabilize the municipal bond market to ensure state and local governments have access to needed medium- and long-term financing.Ā 

NCSHA May 14 Letter to Ginnie Mae on Its Pass-Through Assistance Programs and Loan Delinquency Ratio Requirements

On behalf of its state Housing Finance Agency (HFA) members, NCSHA wrote Ginnie Mae this letter expressing appreciation for the steps it has taken to provide assistance to single-family and multifamily loan servicers affected by COVID-19, asking it to reconsider and amend key aspects of those programs, and urging it to issue guidance as soon as possible that would hold harmless state HFAs from the effects of Ginnie Maeā€™s delinquency ratio calculations during the COVID-19 pandemic.

Ginnie Mae APM 20-06: Treatment of Mortgage Delinquency Ratios for Issuers Affected by COVID-19

In response to the National Emergency declared by President Trump on March 13, 2020, in connection with COVID-19, Ginnie Mae is hereby provided Issuers temporary relief from the acceptable delinquency rate threshold requirement identified in Ch. 18, Part 3, Ā§ C of the Mortgage-Backed Securities (MBS).

Why Congress Should Provide a Substantial, One-Time Increase in HOME Program Funding in Response to the COVID-19 Pandemic

This document provides talking points that HFAs and their partners can use to advocate for supplemental HOME funding to assist in the COVID-19 response.

Why Congress Should Enact the Housing Assistance Fund

This document provides talking points that HFAs and their partners can use to advocate for the enactment of the Housing Assistance Fund.