Housing Finance

FHFA Extends COVID-19 Multifamily Forbearance Through Sept. 30, 2021

FHFA Extends COVID-19 Multifamily Forbearance Through Sept. 30, 2021

The Federal Housing Finance Agency announced today that Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through Sept. 30, 2021, subject to the continued tenant protections FHFA has imposed during the pandemic. The programs were set to expire June 30.

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NAHB’s Longtime Housing Finance Legend, David Ledford, Retires

Filed in Housing Finance by on May 19, 2021 2 Comments
NAHB’s Longtime Housing Finance Legend, David Ledford, Retires

After nearly four decades of service, David Ledford, NAHB executive vice president for Housing Finance and Regulatory Affairs, retired on May 7.

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OCC May Rewrite Community Reinvestment Act Regulations

OCC May Rewrite Community Reinvestment Act Regulations

The Office of the Comptroller of the Currency (OCC) yesterday announced it would reconsider a rule finalized by the Trump administration to modernize the Community Reinvestment Act (CRA) regulations.

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FHFA Seeks Input on Eligibility Requirements for Short-Term Rental Units

Filed in Advocacy, Housing Finance, Multifamily by on May 7, 2021 0 Comments
FHFA Seeks Input on Eligibility Requirements for Short-Term Rental Units

The Federal Housing Finance Agency (FHFA) yesterday issued a Request for Input on Fannie Mae and Freddie Mac’s eligibility requirements for mortgages in condominium, cooperative, and planned unit development projects where a large portion of units are offered for short-term rental (30 days or less) or are used primarily for the purpose of vacation or recreational lodging.

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Collaboration Between Builders and Appraisers Key to Navigating Rising Lumber Prices, Freddie Mac Says

Filed in Advocacy, Housing Finance, Material Costs by on May 3, 2021 9 Comments
Collaboration Between Builders and Appraisers Key to Navigating Rising Lumber Prices, Freddie Mac Says

As lumber prices continue to rise, home builders face challenges selling homes that accurately reflect the increased costs of construction. Collaboration between builders and appraisers can help mitigate issues.

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CFPB Delays Mandatory Compliance Date for General QM Rule

Filed in Advocacy, Housing Finance by on April 28, 2021 0 Comments
CFPB Delays Mandatory Compliance Date for General QM Rule

The Consumer Financial Protection Bureau (CFPB)  has formally delayed the mandatory compliance date of the General Qualified Mortgage (QM) final rule from July 1, 2021 to Oct. 1, 2022.

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Bringing Housing Home: Rising Lumber Prices Tops the Agenda

Bringing Housing Home: Rising Lumber Prices Tops the Agenda

Bringing Housing Home®, the premier grassroots event of the year, will take place during the week of May 3. Every NAHB member is encouraged to meet with U.S. representatives and senators in their home districts.

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FHFA Further Extends Some COVID-Related Loan Flexibilities

Filed in Advocacy, Housing Finance by on April 21, 2021 0 Comments
FHFA Further Extends Some COVID-Related Loan Flexibilities

The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will extend some temporary loan origination flexibilities until May 31, 2021, including alternative appraisals on purchase and rate-term refinance loans.

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Bipartisan Low-Income Housing Tax Credit Legislation Introduced in House and Senate

Bipartisan Low-Income Housing Tax Credit Legislation Introduced in House and Senate

The House and Senate today each introduced identical bipartisan bills supported by NAHB that will improve and strengthen the Low-Income Housing Tax Credit.

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NAHB Senior Officers Bring a Housing Agenda to Capitol Hill

NAHB Senior Officers Bring a Housing Agenda to Capitol Hill

NAHB Chairman Chuck Fowke and First Vice Chairman Jerry Konter recently conducted virtual and in-person meetings with congressional leaders to urge them to keep housing in the forefront of the national agenda.

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