Tag Archives: HomeReady

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.

The FHFA has taken further action to ensure that all borrowers and renters have equitable access to long-term affordable housing opportunities by implementing targeted increases to the upfront fees for most cash-out refinance loans.

Beginning April 1, Fannie Mae and Freddie Mac will add upfront fees to both high-balance loans and second home loans.