FHFA Authorizes Fannie Mae and Freddie Mac to Support Additional Liquidity in the Secondary Mortgage Market: Regulator Authorizes Action by the Enterprises in Light of the COVID 19 National Emergency

Sullivan & Cromwell LLP - March 24, 2020
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On March 23, 2020, the Federal Housing Finance Agency authorized Fannie Mae and Freddie Mac to enter into certain additional transactions to help support immediate needs for liquidity in the secondary mortgage market in light of COVID-19 related market liquidity issues.