Troutman Pepper Weekly Consumer Financial Services COVID-19 Newsletter - March 2021 | Troutman Pepper
Federal Activities: On March 1, Federal Housing Finance Agency Director Mark Calabria announced that he authorized the disbursement of $1.09 billion for Fannie Mae and Freddie Mac’s affordable housing allocations for 2020. $711 million will go to the U.S. Department of Housing and Urban Development for the Housing Trust Fund, an increase from the $326.4 million disbursed for 2019. The sum of $383 million will go to the Department of the Treasury for the Capital Magnet Fund, an increase from the $175.8 million disbursed for 2019. For more information, click On February 25, the Board of Gove...