Housing Finance

FHFA to Impose Hefty Upfront Fees on Second Home Purchases

Filed in Advocacy, Housing Finance by on January 5, 2022 4 Comments
FHFA to Impose Hefty Upfront Fees on Second Home Purchases

In a move strongly opposed by NAHB, the Federal Housing Finance Agency (FHFA) today announced increases for upfront fees that Fannie Mae and Freddie Mac will charge for second home mortgage loans and certain high balance mortgage loans that exceed the standard conforming loan. These fees will significantly increase the purchase cost of a second home and some homes in high cost areas.

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Biden Nominates Sandra Thompson as FHFA Director

Filed in Housing Finance by on December 14, 2021 0 Comments
Biden Nominates Sandra Thompson as FHFA Director

President Biden today nominated Sandra L. Thompson as the new director of the Federal Housing Finance Agency (FHFA). Thompson currently serves as acting director of the FHFA, replacing Mark Calabria in June after the U.S. Supreme Court ruled that the FHFA director can be removed at will.

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FHA Increases Loan Limits for 2022

Filed in Advocacy, Housing Finance by on December 1, 2021 4 Comments
FHA Increases Loan Limits for 2022

The Federal Housing Administration (FHA) has announced its loan limits for 2022. The nationwide rise in median home prices indicates most buyers across the country will see increases.

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FHFA Boosts Conforming Loan Limits for 2022

Filed in Housing Finance by on November 30, 2021 5 Comments
FHFA Boosts Conforming Loan Limits for 2022

The Federal Housing Finance Agency (FHFA) today announced that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2022 will rise to $647,200 — an increase of $98,950 from $548,250 in 2021.

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FHA’s MMIF Capital Reserves Continue to Climb in Fiscal 2021

Filed in Housing Finance by on November 15, 2021 0 Comments
FHA’s MMIF Capital Reserves Continue to Climb in Fiscal 2021

The Federal Housing Administration (FHA) today released its annual report to Congress that shows the agency’s capital reserve ratio of its Mutual Mortgage Insurance Fund (MMI Fund) ended the fiscal year at 8.03% — an increase of 1.93 percentage points over fiscal 2020.

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FHFA Announces Two Measures to Advance Housing Affordability

Filed in Advocacy, Housing Affordability, Housing Finance by on October 18, 2021 0 Comments
FHFA Announces Two Measures to Advance Housing Affordability

Over the coming months, Fannie Mae and Freddie Mac will expand certain eligibility requirements for their RefiNow and Refi Possible refinance programs aimed at assisting low-income borrowers. Additionally, they will be incorporating desktop appraisals into their selling guides for new purchase loans.

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FHFA Extends COVID-19 Multifamily Forbearance Indefinitely

Filed in Disaster Response, Housing Finance, Multifamily by on September 24, 2021 1 Comment
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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