Looking to address the need for more affordable housing options, the FHFA will require that at least 50% of the GSE’s multifamily business be mission-driven affordable housing.
Read More »Fannie Mae Completes Latest CIRT Transaction
The GSE executes its 10th Credit Insurance Risk Transfer Transaction of 2022, as part of its ongoing effort to reduce taxpayer risk by increasing the role of private capital in the mortgage marketplace.
Read More »Fannie Mae Advocates for Additional Demographic Loan Data
One of Fannie Mae’s missions is to facilitate equitable and sustainable access to homeownership and quality affordable rental units across the country which provide a stronger and more efficient housing system for all. But as a major source of mortgage ...
Read More »Katie Jones Tapped to Lead HR at Fannie Mae
Experienced human resources executive joins GSE to attract, retain, engage, and develop talent.
Read More »Default Risk Rises in Q4
The default risk for GSE acquisitions hit 1.98% in Q4, up from a reading of 1.65% the previous quarter.
Read More »Freddie Mac Adds EVP and General Counsel, New Board Members
The GSE has added Heidi Mason to assume general counsel responsibilities, and has named ex-Ginnie Mae President Kevin Chavers and Luke Hayden to its Board of Directors.
Read More »Is There Life Left in GSE Reform?
It has been 14 years since Freddie Mac and Fannie Mae were put under full operational control of the Federal Housing Finance Agency (FHFA) at the height of the financial crisis in September 2008. At the time, then-Treasury Secretary Henry ...
Read More »Should Conforming Loan Limits be Capped?
In November, the Federal Housing Finance Agency announced its annual change to the conforming loan limit for loans purchased by Fannie Mae and Freddie Mac (GSEs). For 2022, it was announced that the limit increased by 18% to $647,200, reflecting the average increase of home prices over the last year. But ...
Read More »Coalition Opposes Proposed Duty to Serve Proposals
Citing the need to substantially improve the “Duty To Serve” (DTS) proposals set forth by Freddie Mac and Fannie Mae, 20 groups have come together calling on the GSEs to improve their proposals that they say fail to meet the needs of the target demographics. The DTS program requires Fannie Mae and Freddie ...
Read More »Freddie Mac Examines Minority ‘Appraisal Gap’
A new analysis by the GSE has concluded that appraisals falling below contracted sale prices are disproportionately impacting hundreds of thousands of Black and Latino applicants.
Read More »