"The FHFA's new proposal with public comments due by Nov. 5 outlines three strategic goals for what the agency informally calls U.S. Federal Housing: responsible oversight of Fannie Mae and Freddie Mac for the American people; supervision of the Federal Home Loan Bank System; and efficient management of U.S. federal housing operations. By contrast, the 20222026 plan centered on securing the regulated entities' safety and soundness; fostering housing finance markets that promote equitable access to affordable and sustainable housing; and responsible stewardship of FHFA's infrastructure."
"The draft removes language about DEI supervision, as well as issuing supervisory guidance or policies to set operational standards. Instead, it adds goals such as developing and administering supervisory tests when appropriate. The new document reflects FHFA Director Bill Pulte's priorities, including identifying and combating fraud and misconduct. Under his leadership, the agency has launched new fraud-detection tools, including a tip line."
FHFA's proposal, with public comments due Nov. 5, sets three strategic goals: oversight of Fannie Mae and Freddie Mac, supervision of the Federal Home Loan Bank System, and efficient federal housing operations. The proposal removes prior language on DEI supervision and on issuing supervisory guidance or operational policies. The draft adds goals to develop and administer supervisory tests when appropriate. Director Bill Pulte prioritizes identifying and combating fraud and misconduct, and the agency launched new fraud-detection tools including a tip line. Fannie Mae partnered with Palantir to use AI for real-time crime detection. The plan emphasizes compliance with executive orders favoring deregulation and proposes supporting housing supply expansion and LIHTC support.
Read at www.housingwire.com
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