Housing Finance

FHFA Extends COVID-19 Multifamily Forbearance Indefinitely

Filed in Disaster Response, Housing Finance, Multifamily by on September 24, 2021 0 Comments
FHFA Extends COVID-19 Multifamily Forbearance Indefinitely

The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners as needed, subject to the continued tenant protections FHFA has imposed during the pandemic.

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Good and Bad Housing Provisions in $3.5 Trillion Reconciliation Plan

Good and Bad Housing Provisions in $3.5 Trillion Reconciliation Plan

House Democrats are working to draft a $3.5 trillion Build Back Better plan that includes onerous tax hikes of $2 trillion and aggressive energy efficiency requirements in model building energy codes that would harm housing affordability. This ambitious plan also contains several other elements of interest to the housing community.

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Biden Nominates Alanna McCargo as President of Ginnie Mae

Filed in Advocacy, Housing Finance by on September 15, 2021 0 Comments
Biden Nominates Alanna McCargo as President of Ginnie Mae

The Biden administration has announced it intends to nominate senior HUD official Alanna McCargo to be president of Ginnie Mae.

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FHFA, Treasury Suspending Certain Portions of 2021 Preferred Stock Purchase Agreements

Filed in Advocacy, Housing Finance by on September 14, 2021 0 Comments
FHFA, Treasury Suspending Certain Portions of 2021 Preferred Stock Purchase Agreements

The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury (Treasury) announced today they are suspending certain policy provisions added in January 2021 to the Preferred Stock Purchase Agreements (PSPAs) that govern Treasury’s support for Fannie Mae and Freddie Mac (the Enterprises).

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FHFA Announces Equitable Housing Finance Plans for Fannie Mae, Freddie Mac

Filed in Advocacy, Housing Finance by on September 7, 2021 0 Comments
FHFA Announces Equitable Housing Finance Plans for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency today announced that Fannie Mae and Freddie Mac will submit Equitable Housing Finance Plans to FHFA by the end of 2021. The plans will identify and address barriers to sustainable housing opportunities, including the Enterprises’ goals and action plans to advance equity in housing finance for the next three years.

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FHFA Proposes New Housing Goals for Fannie Mae, Freddie Mac

Filed in Advocacy, Housing Affordability, Housing Finance by on August 18, 2021 0 Comments
FHFA Proposes New Housing Goals for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency (FHFA) has proposed its housing goals for Fannie Mae and Freddie Mac for 2022 to 2024. This year, FHFA is proposing two new single-family home purchase subgoals to replace the existing low-income areas subgoal. One new subgoal targets minority communities; the other continues to target low-income neighborhoods.

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HUD, FHFA Team to Advance Fair Housing and Fair Lending Enforcement

Filed in Housing Finance, Multifamily by on August 12, 2021 0 Comments
HUD, FHFA Team to Advance Fair Housing and Fair Lending Enforcement

The U.S. Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) today entered into a first-of-its-kind collaborative agreement regarding fair housing and fair lending coordination.

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Fannie Mae to Include Rent Payment History as Part of Mortgage Approval Process

Filed in Advocacy, Housing Finance by on August 11, 2021 4 Comments
Fannie Mae to Include Rent Payment History as Part of Mortgage Approval Process

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae will consider rent payment history as part of its underwriting process so that buyers with limited credit histories can more easily obtain home loans.

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Fannie, Freddie, FHA Extend Single-Family Eviction Moratorium Through Sept. 30

Filed in Housing Finance by on July 30, 2021 0 Comments
Fannie, Freddie, FHA Extend Single-Family Eviction Moratorium Through Sept. 30

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac are extending the moratorium on single-family real estate owned (REO) evictions until Sept. 30, 2021. The REO eviction moratorium applies to properties that have been acquired by an Enterprise through foreclosure or deed-in-lieu of foreclosure transactions.

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FHFA Announces Multifamily Tenant Protections

Filed in Disaster Response, Housing Finance, Multifamily by on July 28, 2021 4 Comments
FHFA Announces Multifamily Tenant Protections

The Federal Housing Finance Agency today announced that tenants of multifamily properties with mortgages backed by Fannie Mae or Freddie Mac who are subject to eviction for nonpayment of rent must be given 30 days’ notice to vacate before the tenant can be required to leave the unit.

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