FHFA: Final 2020 Housing Goals Performance Determinations Announced
Today, the Federal Housing Finance Agency (FHFA) announced the final determinations for Enterprise performance on the 2020 housing goals. During 2020, Fannie Mae met all of the single-family and multifamily housing goals. Freddie Mac met the single-family purchase goals for low-income families, very low-income families, and low-income areas, and all of the multifamily goals, but…
FHFA: Capital Planning Rule for Fannie Mae and Freddie Mac Proposed
Requirements in proposed rule represent another incremental step FHFA is taking to ensure safety and soundness at the Enterprises The Federal Housing Finance Agency (FHFA) today issued a proposed rule that would require Fannie Mae and Freddie Mac (the Enterprises) to develop, maintain, and submit annual capital plans to FHFA. This requirement helps protect taxpayers…
FHFA: Conforming Loan Limits for 2022 Announced
Baseline Conforming Loan Limit Will Increase to $647,200 The Federal Housing Finance Agency (FHFA) today announced the conforming loan limits (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2022. In most of the U.S., the 2022 CLL for one-unit properties will be $647,200, an increase of $98,950 from…
FHFA: 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions Released
Today, the Federal Housing Finance Agency (FHFA) released the 2022 Scorecard for Fannie Mae, Freddie Mac (the Enterprises), and Common Securitization Solutions, LLC (CSS). The purpose of the 2022 Scorecard is to hold the Enterprises and CSS accountable for fulfilling their core mission requirements by promoting sustainable and equitable access to affordable housing and operating…
FHFA: FY 2021 Performance and Accountability Report Released
The Federal Housing Finance Agency (FHFA) today released its annual Performance and Accountability Report, which details FHFA’s activities as regulator of the Federal Home Loan Bank System and as regulator and conservator of Fannie Mae and Freddie Mac during fiscal year 2021. For the thirteenth consecutive year, FHFA received an unmodified audit opinion on its…
FHFA: Notice of Proposed Rulemaking Issued Introducing Additional Public Disclosure Requirements for the Enterprise Regulatory Capital Framework
Today, the Federal Housing Finance Agency (FHFA) announced that it is seeking comment on a notice of proposed rulemaking that would introduce additional public disclosure requirements for the Enterprise Regulatory Capital Framework (ERCF) for Fannie Mae and Freddie Mac (the Enterprises). The proposed rule would implement quarterly quantitative and qualitative disclosure requirements for the Enterprises…
FHFA: Two Measures Advancing Housing Sustainability and Affordability Announced
Expands Eligibility for Fannie Mae’s and Freddie Mac’s Refinance Programs for Low- and Moderate-Income Borrowers and Restores Desktop Appraisal Flexibility The Federal Housing Finance Agency (FHFA) today announced two measures to sustainably advance the affordability of homeownership for mortgage borrowers across the nation, especially those in underserved communities. “Expanding eligibility for low- and moderate-income families to refinance…
FHFA: 2022 Multifamily Loan Purchase Caps for Fannie Mae and Freddie Mac Announced
The Federal Housing Finance Agency (FHFA) today announced that the 2022 multifamily loan purchase caps for Fannie Mae and Freddie Mac (the Enterprises) will be $78 billion for each Enterprise, for a combined total of $156 billion to support the multifamily market. The 2022 caps, which increased from $70 billion for each Enterprise in 2021,…
FHFA: Changes Announced to Common Securitization Solutions Board Structure
The Federal Housing Finance Agency (FHFA) today announced that Common Securitization Solutions (CSS) is undertaking a series of actions to better align its corporate governance structure with its core mission of supporting the infrastructure for Fannie Mae and Freddie Mac (the Enterprises) mortgage-backed securities issuance. Matthew Feldman has been named Chairman of the Board of…
FHFA: Availability of COVID-19 Multifamily Forebearance Extended
Today, the Federal Housing Finance Agency (FHFA) announced that Fannie Mae and Freddie Mac (the Enterprises) 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. This is the fourth extension of the programs, which were set to expire September…