US housing finance agency wants to stop tracking fair lending
What happened
The Federal Housing Finance Agency proposes to eliminate a rule that requires the companies it oversees to submit plans for fair lending and housing. This means Fannie Mae and Freddie Mac would no longer have to publicly detail how they plan to support equitable housing finance.
Why it matters
For years, the US government has pushed for more equitable access to housing finance. This rule required the two largest mortgage buyers, Fannie Mae and Freddie Mac, to show their work. Removing it means they would no longer have to publicly explain their efforts to address historical inequalities in lending.
The signal
Watch whether the FHFA replaces this rule with a new, equally specific requirement, or if it simply removes the mandate without a substitute.