FHFA Suspended Counterparty Program
Current understanding
The FHFA Suspended Counterparty Program allows the agency to direct Fannie Mae, Freddie Mac, and the Federal Home Loan Banks to cease business with individuals or entities engaged in covered misconduct. FHFA has proposed removing ‘reputational harm’ as a standalone basis for suspension, arguing the term is vague and duplicative, and refocusing supervision on material and measurable counterparty risks. Effect on builders and lenders doing business with the Enterprises would be a narrower, more objective set of disqualifying conduct; renters and buyers are affected only indirectly through Enterprise counterparty quality.
Evidence log
- 2026-07-13 — Federal Home Loan Bank New Business Activities: Parallel FHFA deregulatory action: FHFA has separately proposed to repeal the New Business Activities regulation governing FHLBanks, reflecting a broader agency trend of streamlining supervisory requirements on the Enterprises and Banks. (novelty: 2)