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.


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Evan Sparks

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