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The Federal Housing Finance Agency issued a policy statement on its commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks.
Details: The policy statement details the agency’s position on monitoring and information gathering, supervisory examinations, and administrative enforcement related to the Equal Credit Opportunity Act, the Fair Housing Act, and the Federal Housing Enterprises Financial Safety and Soundness Act.
More: The FHFA also issued orders requiring the enterprises to submit quarterly reports to the agency with fair lending information and data.
Feedback: Comments on the application of the policy statement are due within 60 days of its publication in the Federal Register.