8.25.20
On Tuesday, August 25, the Federal Housing Finance Agency (FHFA) announced that they would be delaying the implementation of a surcharge that was originally set for September 1 to December 1. The announcement comes as the White House stated they had “serious concern with this action” and a bipartisan group of Members of Congress stated that there was “no rational explanation for this course of action.” While many industry participants praised the delay, some argue that they would have preferred that the surcharge be repealed all together.