FHFA proposes updated seller-servicer standards

Feb 03, 2020

The Federal Housing Finance Agency proposed updated minimum financial eligibility requirements for Fannie Mae and Freddie Mac seller-servicers, including new net-worth and liquidity standards for those who service Ginnie Mae mortgages.

The updates are designed to improve transparency and consistency of capital and liquidity required for seller-servicers with different business models.

Community banks are generally only affected by changes to net-worth requirements. ICBA is reviewing the proposal and will provide comments.