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Fannie Mae guidelines allow for a 3% of sales price contribution from a seller with a 5% down payment. With a 10% down payment, the contribution can be up to 10% of the sales price. Which act allowed the creation of the Federal Housing Finance Agency (FHFA)? The answer is Federal Housing Reform Act of 2007.
Housing and Economic Recovery Act of 2008 Amended the Safety and Soundness Act to create FHFA, place regulation of Fannie Mae, Freddie Mac and the Bank System under one regulator, enhance supervision of these regulated entities, and enhance FHFAs authorities as conservator or receiver.
The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) set forth this Memorandum of Understanding (MOU) to enhance effective and efficient enforcement of the Fair Housing Act and oversight of the Federal National Mortgage Association (Fannie
The Federal Housing Finance Agency (FHFA) was established by the Housing and Economic Recovery Act of 2008 (HERA) and is responsible for the effective supervision, regulation, and housing mission oversight of the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac
Federal Housing Finance Agency has 731 employees.
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On July 30, 2008, President George W. Bush signed Public Law 110-289, the Housing and Economic Recovery Act of 2008 (HERA), which established FHFA, giving the Agency authority to place regulated entities into conservatorship or receivership.
The Federal Housing Finance Agency (FHFA) was created on July 30, 2008, when the President signed into law the Housing and Economic Recovery Act of 2008.
Division of Housing Mission and Goals (DHMG) led by Deputy Director Naa Awaa Tagoe is responsible for FHFA policy development and analysis, oversight of housing and regulatory policy, oversight of the mission and goals of the Enterprises, and the housing finance and community and economic development mission of the

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