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.
FinCEN issues statement on Bank Secrecy Act compliance, Venezuelan disaster aid
FinCEN will not take any supervisory or legal actions against U.S. financial institutions for providing authorized financial services in Venezuela to help the country recover from recent earthquakes, the agency announced.









