The Federal Housing Finance Agency (FHFA),on its own behalf and as Conservator for Fannie Mae and Freddie Mac (the Enterprises),has filed a lawsuit in the U.S. District Court for the Northern District of Illinois against the city of Chicago to prevent enforcement of the city’s recently amended “Vacant Buildings Ordinance” against the Enterprises. FHFA reluctantly took this action after undertaking efforts to discuss these matters and to seek alternative solutions to the problem of vacant properties that the ordinance seeks to address. FHFA indicated that the ordinance could affect costs for homeowners in the city. [...]
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 | The Federal Housing Finance Agency (FHFA) back in August,2010,published proposed “guidance”related to private transfer fee covenants that applied to Fannie Mae,Freddie Mac and Federal Home Loan Banks (the “regulated entities). The message in this guidance was that private transfer fees are bad and those regulated enterprises should stay away from lending [...] | ||||
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