Fannie Mae recently issued Lender Letter LL-2026-04 (Fannie Mae letter), which sets forth a governance framework for Fannie Mae single-family sellers and servicers using artificial intelligence and machine learning (AI/ML) in their origination and servicing practices. The requirements will take effect on August 6, 2026. The Fannie Mae letter builds upon prior Freddie Mac updates to its Seller/Servicer Guide on the same topic (Freddie Mac …
US Treasury Releases New AI Risk Management Resources for Financial Institutions
The US Department of the Treasury recently announced two new resources to assist with the adoption of artificial intelligence (AI) in the financial services sector. The resources were developed by the Artificial Intelligence Executive Oversight Group (AIEOG), a public-private partnership between Treasury’s Financial and Banking Information Infrastructure Committee and the nonprofit Financial Services Sector Coordinating Council. They are part of a broader initiative to improve …
Showdown: New Executive Order Puts Federal Government and States on a Collision Course Over AI Regulation
Last week, the White House issued a new executive order (EO) seeking to limit states’ regulation of artificial intelligence (AI) and instead create a uniform national AI policy. The EO does not preempt state AI laws, but it mobilizes federal agencies to take actions that may curtail state efforts to enforce their laws and regulate AI. The EO directs the Justice Department to create a …