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0 0.00264900662251656 0.0066225165562914 0.0066225165562914 0 0 0.00331125827814577 0.00331125827814577
Stock impact report

State financial regulators and FHFA enter mortgage information sharing agreement [Yahoo! Finance]

Federal National Mortgage Association (FNMA) 
Company Research Source: Yahoo! Finance
“The [MOU] establishes substantive information sharing protocols between state financial regulators and FHFA, improving the ability to coordinate on market developments, identify and mitigate risks, and ultimately, further protect consumers, taxpayers, and the nation's housing finance system,” a joint announcement from CSBS and FHFA said. The agreement, signed on Tuesday, is significant due to the regulatory roles of both bodies. CSBS is a conference of the primary regulators of nonbank mortgage companies at the state level, while FHFA is both regulator and conservator to the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac , the most important counterparties for nonbank mortgage entities. “While each supervisory agency maintains specific authorities related to the mortgage industry, only state financial regulators have complete prudential authority over nonbank mortgage companies,” the joint announcement said. The MOU should lead to a more collaborative relat Show less Read more
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