The Treasury Department and FHFA announced Tuesday that they are suspending certain requirements that were added in January to the Preferred Stock Purchase Agreements (PSPAs) between Treasury and Fannie Mae and Freddie Mac.
Under those requirements, Fannie Mae had restricted its acquisition of loans secured by second homes and investment properties to 7% of its total single-family acquisitions and applied stricter underwriting to those loans.
Treasury’s statement on the suspension sought to clarify its reasoning for the change.
“The suspension of these PSPA requirements recognizes that FHFA has the authority and responsibility for the Enterprises’ safety and details ⇒
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