9.14.21
On September 14, the Treasury Department and Federal Housing Finance Agency (FHFA) announced that they are suspending certain requirements that were issued in January 2021 amendments to the Preferred Stock Purchase Agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac. These suspended requirements include restrictions on high-risk loans, multifamily lending, and a 7% cap on the purchase of second homes and investment properties. The Biden administration said in a statement Tuesday that the suspension of the amendments “do not affect the enterprises’ ability to build or retain capital.”