After industry criticism, FHFA revises changes to Suspended Counterparty Program
Housing Wire
SEPTEMBER 25, 2024
The SCP, established in June 2012 during the Obama administration, requires that entities report to FHFA if an individual or institution they do business with has committed certain types of misconduct within the prior three years. The FHFA can order the entities to cease doing business or entering into new business with these counterparties.
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