Housing Finance

Podcast: Housing Finance Expert Weighs in on Reform

Filed in Housing Finance by on February 1, 2021 0 Comments
Podcast: Housing Finance Expert Weighs in on Reform

On the latest installment of the NAHB podcast Housing Developments, CEO Jerry Howard and Chief Lobbyist Jim Tobin are joined by Executive Vice President of Housing Finance, Dave Ledford, to review recent updates in the housing finance arena.

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Fannie Mae and Freddie Mac Can Continue to Retain Earnings

Filed in Advocacy, Housing Finance by on January 15, 2021 0 Comments
Fannie Mae and Freddie Mac Can Continue to Retain Earnings

The Federal Housing Finance Agency (FHFA) and the U.S. Department of the Treasury yesterday announced that Fannie Mae and Freddie Mac (the Enterprises) can continue to retain earnings until they satisfy the requirements of the 2020 Enterprise capital rule. Under the 2020 final capital rule, Fannie Mae and Freddie Mac’s combined risk-based capital requirements would have been $283 billion as of June 30, 2020.

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Spending Bill Lays Out Funding Levels for Key HUD and USDA Programs

Filed in Advocacy, Housing Finance by on December 22, 2020 0 Comments
Spending Bill Lays Out Funding Levels for Key HUD and USDA Programs

The massive spending bill approved by Congress last night will fund the federal government through Sept. 30, 2021, and includes spending targets for key HUD and USDA programs.

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A Win on Beneficial Ownership Reporting Requirements

Filed in Advocacy, Housing Finance by on December 11, 2020 0 Comments
A Win on Beneficial Ownership Reporting Requirements

In a win for NAHB, House and Senate negotiators have agreed on “beneficial ownership” legislation that addresses key builder concerns after NAHB negotiated directly with key congressional leaders.

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CFPB Issues Final Qualified Mortgage Rules

Filed in Housing Finance by on December 10, 2020 0 Comments
CFPB Issues Final Qualified Mortgage Rules

The Consumer Financial Protection Bureau (CFPB) today issued two final rules related to qualified mortgage (QM) loans. The General QM Final Rule replaces the current requirement for General QM loans that the consumer’s debt-to-income ratio (DTI) not exceed 43%, with a limit based on the loan’s pricing. The second rule creates a new category for QMs, Seasoned QMs.

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Biden Selects Rep. Fudge as HUD Secretary

Filed in Advocacy, Housing Affordability, Housing Finance by on December 10, 2020 0 Comments
Biden Selects Rep. Fudge as HUD Secretary

President-elect Joe Biden has selected Rep. Marcia Fudge (D-Ohio) as the next secretary of the Department of Housing and Urban Development.

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FHA Raises 2021 Loan Limits

Filed in Advocacy, Housing Finance by on December 2, 2020 1 Comment
FHA Raises 2021 Loan Limits

The Federal Housing Administration (FHA) has announced its loan limits for 2021. The nationwide rise in median home prices indicates most buyers across the country will see increases.

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Fannie Mae, Freddie Mac Conforming Loan Limits to Rise in 2021

Filed in Advocacy, Housing Finance by on November 24, 2020 1 Comment
Fannie Mae, Freddie Mac Conforming Loan Limits to Rise in 2021

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 2021 will increase to $548,250 from $510,400.

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FHFA Announces New Capital Rules for Fannie Mae, Freddie Mac

Filed in Advocacy, Housing Finance by on November 18, 2020 0 Comments
FHFA Announces New Capital Rules for Fannie Mae, Freddie Mac

The Federal Housing Finance Agency (FHFA) today sent a final rule to the Federal Register that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac (the Enterprises).

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FHFA Announces Fannie Mae, Freddie Mac Multifamily Loans Purchase Caps for 2021

Filed in Advocacy, Housing Finance, Multifamily by on November 17, 2020 2 Comments
FHFA Announces Fannie Mae, Freddie Mac Multifamily Loans Purchase Caps for 2021

The Federal Housing Finance Agency (FHFA) today announced that the 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $70 billion for each Enterprise. The cap structure allows the Enterprises to offer a combined total of $140 billion in support to the multifamily market.

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