The Federal Housing Finance Agency today announced that the 2024 multifamily loan purchase caps for Fannie Mae and Freddie Mac will be $70 billion for each enterprise. FHFA will require that at least 50% of the enterprises’ multifamily businesses be mission-driven, affordable housing. In addition, for 2024, loans classified as supporting workforce housing properties in Appendix A of the conservatorship scorecard will be exempt from the volume caps. All other mission-driven loans remain subject to the volume caps.
Democratic senators introduce bill to lower credit card late fee cap
Three Democratic senators have introduced legislation to revive a Biden-era rule that would lower the cap on credit card late fees to $8.










