Both universities emphasized the need to pursue the implementation of this agreement and considered the signing of this agreement as a fundamental and important step for the development of joint cooperation. The agreement is to allow the exchange of graduate students, the exchange of professors, joint research activities, and the development of double-degree programs. The President of Pusan National University, the representatives of Isfahan University of Technology and Ferdowsi University of Mashhad, and some faculty members of the Mechanical Engineering Department of Pusan National University participated in this ceremony. In this ceremony, a MOU was signed between the three universities of Iran namely, Isfahan University of Technology, Sharif University of Technology, and Ferdowsi University of Mashhad with Pusan National University. I am pleased to work with Secretary Fudge on the important work of fulfilling the Fair Housing Act's promise of equal access to safe, decent, and affordable housing for all Americans.The Memorandum of Understanding ceremony between Isfahan University of Technology and Pusan National University of South Korea was held on July 12, 2021, in the office of the President of Pusan National University. "Today's MOU allows FHFA and HUD to share information and resources to improve fair lending oversight over the mortgage finance system. "FHFA does not tolerate housing discrimination," said FHFA Acting Director Sandra L. I look forward to working with FHFA to make a meaningful impact in this space." We are prioritizing the work required to remove barriers that have created separate and unequal neighborhoods and limited access to housing opportunity and wealth building. I am proud to partner with Acting Director Thompson on this effort and advance the work that President Biden called upon us to do. Stepping up our collective fair housing oversight of their activities will make an enormous impact on lives and communities. "FHFA oversees entities that have significant control over a large share of the mortgage market. "Today's signing is an important and historic step to advance and strengthen the enforcement of our nation's fair housing and fair lending requirements," said HUD Secretary Marcia L. The Agencies anticipate that the MOU will lead to stronger oversight that will help advance vigorous fair housing enforcement that can begin to redress our nation's history of discriminatory housing practices.Īcting Director Sandra L. The MOU is an important mechanism that strengthens the Agencies' ability to enforce fair housing and fair lending requirements, by promoting information sharing, coordination on investigations, compliance reviews, and the ongoing monitoring of the Enterprises. Under the Memorandum of Understanding (MOU), the two Agencies will focus on enhancing their enforcement of the Fair Housing Act, which HUD is primarily charged with administering and enforcing, and their oversight of Fannie Mae, Freddie Mac (the Enterprises), and the Federal Home Loan Banks (collectively, the regulated entities), all of which FHFA regulates. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) (collectively, the Agencies) entered into a first-of-its-kind collaborative agreement regarding fair housing and fair lending coordination. Joint Release Department of Housing and Urban Development
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