In a letter to Federal Housing Finance Agency (FHFA) Director Mark Calabria, the Structured Finance Association (SFA) joined industry groups in requesting an extension to the comment period on a new regulatory capital framework for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

On Tuesday, June 30, SFA joined 16 other organizations in signing a letter to Federal Housing Finance Agency (FHFA) Director Mark Calabriacalling for an extension to the comment period on the proposed regulatory framework for Fannie Mae and Freddie Mac.

A bipartisan group of more than 100 members of Congress delivered a letter to the White House and Federal Reserve this week asking for more government action regarding the pausing of CMBS debt payments.

On Monday, June 22, the Consumer Financial Protection Bureau (CFPB) announced two notices of proposed rulemaking regarding the qualified mortgage (QM) patch.

Last week, California Assembly Bill 2501, the COVID-19: homeowner, tenant, and consumer relief act, failed to pass out of California’s State Assembly before the legislative body adjourned for the week.

On Wednesday, June 17, the Federal Housing Finance Agency (FHFA) announced that the GSEs would be extending their moratorium on all foreclosures and evictions until August 31.

On Tuesday, June 9, Housing and Urban Development (HUD) Secretary Ben Carson and Federal Housing Finance Authority (FHFA) Director Mark Calabria appeared before the Senate Banking Committee for a hearing titled “Oversight of Housing Regulators.”

SFA’s Head of Research Elen Callahan hosted a webinar with CoreLogic’s Chief Economist Frank Nothaft, Fitch Rating’s Senior Director Suzanne Mistretta, and New York Real Estate Agent Karen Kostiw on the current status of the US housing market.

A new report from Fitch Ratings highlights that the economic fallout caused by the pandemic has lowered the likelihood of GSE reform during the next couple of years.

A proposed FHFA plan to assist Fannie Mae and Freddie Mac in withstanding losses could end up impacting borrowers with less wealth and lower incomes according to Bloomberg.