HUD AND FHFA COLLABORATE TO ADVANCE FAIR HOUSING AND FAIR LENDING ENFORCEMENT

摘要

HUD and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) have entered into a first-of-its-kind collaborative agreement regarding fair housing and fair lending coordination. Under the Memorandum of Understanding (MOU), the two Agencies will focus on enhancing their enforcement of the Fair Housing Act, which HUD is primarily charged with administering and enforcing, and their oversight of Fannie Mae, Freddie Mac (the Government Sponsored Enterprises, or GSEs), and the Federal Home Loan Banks (collectively, the regulated entities), all of which FHFA regulates. The MOU strengthens the Agencies' ability to enforce fair housing and fair lending requirements, by promoting information sharing, coordination on investigations, compliance reviews, and the ongoing monitoring of the GSEs. The Agencies anticipate that the MOU will lead to stronger oversight that will help advance vigorous fair housing enforcement that can begin to redress our nation's history of discriminatory housing practices.