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HUD and FHFA Announce Fair Housing/Lending Agreement

Posted: Aug 19, 2021 | Author: HUD/FHFA
compliance  Fair Housing Act  Fannie Mae & Freddie Mac  Federal Home Loan Banks  FHFA  HUD  lending & collections  Memorandum of Understanding 

HUD and FHFA have announced that they have entered into a first-of-its-kind collaborative agreement regarding fair housing and fair lending coordination. Under their  Memorandum of Understanding (MOU), the two agencies will focus on enhancing their enforcement of the Fair Housing Act, which HUD is primarily charged with administering and enforcing, and their oversight of Fannie Mae, Freddie Mac (the Enterprises), and the Federal Home Loan Banks (collectively, the regulated entities), all of which FHFA regulates.

The MOU will promote information sharing, coordination on investigations, compliance reviews, and the ongoing monitoring of the Enterprises. The Agencies anticipate that the MOU will lead to stronger oversight that will help advance vigorous fair housing enforcement that can begin to redress our nation’s history of discriminatory housing practices.

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