Housing Finance

FHFA Boosts Conforming Loan Limits for 2022

Filed in Housing Finance by on November 30, 2021 0 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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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 1 Comment
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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