Federal Housing Finance Agency (FHFA) Director Bill Pulte on March 25 directed Fannie Mae and Freddie Mac to terminate Special Purpose Credit Programs, or SPCPs, that they support. Fannie Mae’s and ...

In an order dated March 25, the Federal Housing Finance Agency directs Fannie Mae and Freddie Mac to terminate all purchases of residential mortgages made under special purpose credit programs. The ...

Bill Pulte, who was confirmed as FHFA director earlier this month, signed a directive Tuesday to terminate special purpose credit programs supported by the two government-sponsored enterprises ...

2025 terminating special purpose credit programs (SPCPs) supported by the government sponsored enterprises, Fannie Mae and Freddie Mac (together, the GSEs). This directive, effective immediately ...

A series of abrupt policy changes at the Federal Housing Finance Agency threaten to make banks and nonbank mortgage companies ...

Bill Pulte, who was confirmed as FHFA director earlier this month, signed a directive Tuesday to terminate special purpose credit programs supported by the two government-sponsored enterprises, ...

Trump administration’s termination of special purpose credit programs will also impact Hispanic borrowers, NAHREP leader says “And the reason I say that is because Republicans have ...

Industry leaders are also watching for the potential impact of a directive from the Federal Housing Finance Agency that could bring an end to Special Purpose Credit Programs. Get top local stories ...

Yesterday Bill Pulte (the Director of the FHFA, conservator of F&F) posted on X (yes, owned by Elon Musk) that Freddie and Fannie would terminate any SPCPs (Special Purpose Credit Program ...

This includes terminating special-purpose credit programs (SPCPs) designed to support first-time homebuyers by offering lower down payments and credit score requirements. These programs were ...

Earlier this week, the FHFA terminated UDAP guidance as well as special purpose credit programs (SPCPs) from Fannie and Freddie. Although they are relatively small programs — the GSEs combined ...