PH FedACTion: Financial Regulatory Updates
Daily Financial Regulation Update -- Wednesday, January 6, 2020
By FedACTion Task Force
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PH Client Alerts
Click here to read more from our Coronavirus series.
Click here to view the full text of the Coronavirus Aid, Relief and Economic Security Act (the “CARES Act”), Enacted March 27, 2020.
Click here to view the full text of the Paycheck Protection Program Increase Act of 2020, Enacted April 24, 2020.
Click here to view the full text of the Paycheck Protection Program Flexibility Act of 2020, Enacted June 5, 2020.
Click here to view the full text of the Consolidated Appropriations Act, 2021, Enacted December 27, 2020.
Click here to view a running list of proposed legislation from the Senate Committee on Banking, Housing, and Urban Affairs, Senate Committee on Small Business and Entrepreneurship, House Committee on Financial Services, and House Committee on Small Business
Federal Housing Finance Agency
FHFA Announces Fannie Mae's and Freddie Mac's Duty to Serve Underserved Markets Plans for 2021
January 5, 2021
The Federal Housing Finance Agency (FHFA) published the 2021 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve program. Due to potential market disruption and uncertainty as a result of the COVID-19 pandemic, FHFA instructed Fannie Mae and Freddie Mac to submit plans for one year (2021) only, as an extension of their 2018-2020 plans. The 2021 plans became effective January 1, 2021.
A Time to Reflect on Both the Past and the Future
January 5, 2021
Ginnie Mae released a post titled “A Time to Reflect on Both the Past and the Future.” The post describes Ginnie Mae’s strategic response to the COVID-19 pandemic and discusses its upcoming plans for the temporary programs it put in place in 2020.