Comments Due to NAFCU: FHFA - Fintech in Housing Finance
NAFCU would like to highlight the following:
- The FHFA interprets financial technology (fintech) in the mortgage space as the application of new technologies and digital processes to all aspects of mortgage financing.
- Housing finance fintechs include both well-established companies and startups.
- Fintech has the potential to increase opportunities, reduce unnecessary barriers and obstacles, and make the mortgage finance system fairer.
- The FHFA established the Office of Financial Technology, which will serve as a source of information to support the FHFA in assessing risks of emerging fintechs.
Comments due to NAFCU: September 30, 2022
Comments due to FHFA: October 16, 2022
NAFCU will send comments on behalf of its members to the FHFA by its deadline (October 16, 2022).