{"id":"AGY-FED-FINANCIAL-100","kind":"context","level":"federal","jurisdiction":"United States; Federal Housing Finance Agency, as regulator and conservator of Fannie Mae and Freddie Mac (federal)","state":"","metro":"","industry":"","agency":"FED-FINANCIAL","eco":"","issuer":"Federal Housing Finance Agency","authority":"12 U.S.C. § 4617(b)(2)","instrument":"FHFA announcement of April 21, 2021 extending certain COVID-related loan origination flexibilities to May 31, 2021 and retiring them thereafter","title":"FHFA Announces Extension of COVID-Related Loan Flexibilities","dateIssued":"2021-04-21","effective":"2021-04-21","end":"2021-05-31","startDate":"2021-04-21","endDate":"2021-05-31","quarters":["2021Q2"],"types":["OTHER"],"addressees":["Fannie Mae and Freddie Mac and their seller/servicers"],"clause":"Flexibilities to retire at the end of May due to low usage. 4/21/2021... [Fannie Mae and] Freddie Mac (the Enterprises) will extend some temporary loan origination flexibilities until May 31, 2021. All temporary flexibilities were originally set to expire on April 30, 2021.","enforcement":"Enterprise selling requirements","functions":["ML mortgage origination (alternative appraisals and verifications through May 31, 2021)","AP","HR","CB"],"notes":"Fixes the end of the FHFA origination flexibilities at May 31, 2021 (fourteen months after March 23, 2020); the \u0027low usage\u0027 finding is the conservator\u0027s own evidence that by the second quarter of 2021 appraisers could again enter homes","sourceUrl":"https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Extension-of-COVID-Related-Loan-Flexibilities_4212021.aspx","snapshot":"https://web.archive.org/web/20210601/https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Extension-of-COVID-Related-Loan-Flexibilities_4212021.aspx","fileExists":true,"fileBytes":241651,"grade":"primary","character":"context","description":"","collection":"AGY-FED-FINANCIAL","url":"/library/AGY-FED-FINANCIAL-100","exhibitUrl":"/exhibit/AGY-FED-FINANCIAL-100","citation":"Federal Housing Finance Agency, FHFA announcement of April 21, 2021 extending certain COVID-related loan origination flexibilities to May 31, 2021 and retiring them thereafter (Apr. 21, 2021) (Ex. AGY-FED-FINANCIAL-100)","stateName":"","related":[]}