FHFA: Fannie Mae Falls Short of Some Low-Income Housing Goals

The Federal Housing Finance Agency in its Annual Housing Report today said that both Fannie Mae failed to meet two of its four affordable housing goals — those for very-low income buyers purchasing single-family homes and low-income buyers refinancing their mortgages — in 2016. The GSE met its goals for low-income buyers purchasing single-family homes and the goal for home purchases in low-income areas.

Freddie Mac achieved all four of its affordable housing goals, FHFA said. Both GSEs met the goals for multifamily lending.

Share.

About Author

Evan Sparks

Evan Sparks is editor-in-chief of the ABA Banking Journal and vice president for publications at the American Bankers Association.