Tag: Fannie Mae
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.
FHFA lncreases Fannie Mae, Freddie Mac Multifamily Loan Purchase Caps for 2022
The Federal Housing Finance Agency (FHFA) today announced that the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market.
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.
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).
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.
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.
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.
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.
To Help Borrowers, FHFA Eliminates Adverse Market Refinance Fee
In a move to ease costs for borrowers who refinance, the Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries effective Aug. 1, 2021.
FHFA Issues Policy Statement on Fair Lending
The Federal Housing Finance Agency (FHFA) today issued a policy statement on fair lending that communicates FHFA’s fair lending expectations for Fannie Mae, Freddie Mac and the Federal Home Loan Banks and outlines FHFA’s fair lending oversight and enforcement to ensure compliance with the law.
