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\nAuthor: kerrys<\/p>\n","protected":false},"excerpt":{"rendered":"By Kerry Smith HUD and FHFA (Fannie Mae, Freddie Mac) signed a memorandum of understanding (MOU) to work together. The change allows HUD to more aggressively check for Fair Housing Act violations by giving it easier access to deals funded with conventional mortgage loans. WASHINGTON \u2013 The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) (the Agencies) entered into a first-of-its-kind collaborative agreement on fair housing and fair lending coordination. Under the agencies\u2019 Memorandum of Understanding (MOU), they\u2019ll work together to enforce the Fair Housing Act. HUD oversees and administers the Act\u2019s enforcement, and its new oversight of FHFA entities \u2013 Fannie Mae, Freddie Mac and the Federal Home Loan Banks \u2013 gives it wider and easier access to transactions and loans outside traditional HUD lending. According to a joint statement issued by HUD and FHFA, the MOU strengthens the Agencies\u2019 ability to enforce fair housing and fair lending requirements by promoting information sharing, coordination on investigations, compliance reviews and the ongoing monitoring of Fannie Mae and Freddie Mac. They agencies say it will help \u201credress our nation\u2019s history of discriminatory housing practices.\u201d \u201cToday\u2019s signing is an important and historic step to advance and strengthen the enforcement of our nation\u2019s fair housing and fair lending requirements,\u201d says HUD Secretary Marcia L. Fudge. \u201cFHFA oversees entities that have significant control over a large share of the mortgage market. Stepping up our collective fair housing oversight of their activities will make an enormous impact on lives and communities.\u201d Fudge says HUD is \u201cprioritizing the work required to remove barriers that have created separate and unequal neighborhoods and limited access to housing opportunity and wealth building.\u201d \u201cFHFA does not tolerate housing discrimination,\u201d adds FHFA Acting Director Sandra L. Thompson. \u201cToday\u2019s MOU allows FHFA and HUD to share information and resources to improve fair lending oversight over the mortgage finance system. I am pleased to work with Secretary Fudge on the important work of fulfilling the Fair Housing Act\u2019s promise of equal access to safe, decent and affordable housing for all Americans.\u201d \u00a9 2021 Florida Realtors\u00ae Go to Source Author: kerrys<\/p>\n","protected":false},"author":4,"featured_media":5457,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5456"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=5456"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5456\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/5457"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=5456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=5456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=5456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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