Housing Finance

FHFA Establishes Affordable Housing Goals for Fannie Mae, Freddie Mac

Filed in Housing Finance by on February 6, 2018 0 Comments
FHFA Establishes Affordable Housing Goals for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency (FHFA) announced today it has published a final rule establishing single-family and multifamily housing goals for Fannie Mae and Freddie Mac for 2018 through 2020.

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NAHB Advocacy: Money in Your Pocket

NAHB Advocacy: Money in Your Pocket

NAHB economists have put a dollar value on selected member benefits and advocacy victories achieved in 2017. Add it up, and you get an average of $7,500 per housing start for a typical home builder.

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Capital Reserve Reinstated for Fannie Mae and Freddie Mac

Filed in Housing Finance by on December 21, 2017 0 Comments
Capital Reserve Reinstated for Fannie Mae and Freddie Mac

Federal Housing Finance Agency (FHFA) Director Mel Watt announced today that FHFA and the Treasury Department have agreed to allow Fannie Mae and Freddie Mac (the enterprises) to each maintain a $3 billion capital buffer beginning in the fourth quarter of 2017.

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FHA to Halt Insuring New Mortgages with PACE Obligations

Filed in Housing Finance by on December 8, 2017 1 Comment
FHA to Halt Insuring New Mortgages with PACE Obligations

On Dec. 7, the Federal Housing Administration (FHA) issued Mortgagee Letter 2017-18 announcing the agency will no longer insure new mortgages on properties that include Property Assessed Clean Energy (PACE) assessments. This reverses policy announced by the agency in July of 2016. The directive applies only to new mortgages.

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FHA Loan Limits to Rise in More than 3,000 Counties in 2018

Filed in Housing Finance by on December 7, 2017 0 Comments

The Federal Housing Administration today announced its loan limits for 2018. The nationwide rise in median home prices indicates buyers in more than 3,000 counties will see increases.

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A Positive Development on Housing Finance Reform

Filed in Capitol Hill, Housing Finance by on December 7, 2017 0 Comments
A Positive Development on Housing Finance Reform

House Financial Services Committee Chairman Jeb Hensarling spoke out yesterday on the need to enact comprehensive housing finance reform and acknowledged that a final package would likely contain some kind of federal backstop.

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FHFA Publishes Final Guidance on Duty to Serve Program

Filed in Housing Finance by on November 29, 2017 0 Comments

The Federal Housing Finance Agency (FHFA) today published its final evaluation guidance for its Duty to Serve program. Fannie Mae and Freddie Mac have a statutory duty to support housing finance in three underserved markets — manufactured housing, affordable housing preservation, and rural housing markets.

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Fannie Mae, Freddie Mac Maximum Conforming Loan Limits to Rise in 2018

Filed in Housing Finance by on November 28, 2017 0 Comments
Fannie Mae, Freddie Mac Maximum Conforming Loan Limits to Rise in 2018

The Federal Housing Finance Agency (FHFA) today announced that the maximum baseline conforming loan limit for mortgage loans acquired by Fannie Mae and Freddie Mac in 2018 will increase to $453,100 from $424,100.

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Slight Decline in Multifamily Lending Caps for Fannie Mae and Freddie Mac

Filed in Housing Finance, Multifamily by on November 21, 2017 0 Comments
Slight Decline in Multifamily Lending Caps for Fannie Mae and Freddie Mac

The Federal Housing Finance Agency (FHFA) announced today that multifamily lending caps for Fannie Mae and Freddie Mac will be $35 billion for each enterprise in 2018, down from $36.5 billion in 2017.

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Fannie Mae, Freddie Mac Re-enter the Low Income Housing Tax Credit Market

Filed in Housing Finance by on November 16, 2017 0 Comments
Fannie Mae, Freddie Mac Re-enter the Low Income Housing Tax Credit Market

In a positive development that should help boost the affordable housing market, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will be allowed limited re-entry into the Low-Income Housing Tax Credit (LIHTC) market as equity investors, effective immediately.

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