FHFA Corrects a Typo in Proposed Rule on Refinancing Mortgages
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The Federal Housing Finance Agency published a minor correction to a proposed rule released earlier this month. The change fixes a single word in the text that defines which refinancing mortgages are excluded from certain requirements.
Why it matters: The practical significance is minimal. This correction ensures legal precision in how refinancing transactions are classified under the Enterprise Duty To Serve Underserved Markets proposal. For most readers, there is no immediate change to their obligations or rights.
Who it affects
- Mortgage servicers and lenders involved with government-sponsored enterprises like Fannie Mae and Freddie Mac
This notice was issued by Clinton Jones, General Counsel at the Federal Housing Finance Agency, and you should check the original Federal Register document for full context.
Agency: Federal Housing Finance Agency
Source: Federal Register — read the official document