FHFA Expands Measures to Add Appraisal Flexibilities, Help LMI Refinances
The Federal Housing Finance Agency announced plans to expand refinance programs introduced last spring for low- to moderate-income borrowers.
Browsing: Affordable housing
FHFA to Increase Multifamily Loan Caps for GSEs
The Federal Housing Finance Agency announced today that it will raise Fannie Mae and Freddie Mac’s 2022 caps for multifamily lending to $78 billion for each GSE—up from $70 billion in 2021—for a combined total of $156 billion.
FHLBs’ Affordable Housing Funding Dipped Slightly in 2020
The Federal Home Loan Banks awarded approximately $393 million in affordable housing program funds in 2020, a 14% decline from the year before, according to a recent report released by the Federal Housing Finance Agency.
ABA Comments on FASB’s Technical Agenda
ABA submitted a comment letter in which it called on FASB to both prioritize their projects on troubled debt restructurings and goodwill, and asked the board to add several projects to its agenda.
Freddie Mac Clarifies Group Home Mortgage Purchase Policies
Following misunderstanding about Freddie Mac’s rules for purchasing mortgages secured by group homes, the Department of Housing and Urban Development and the Federal Housing Finance Agency released a policy clarification.
FHFA, Treasury Suspend PSPA Changes
The Federal Housing Finance Agency and the Treasury Department today announced the suspension of changes to the preferred stock purchase agreements governing the conservatorships of Fannie Mae and Freddie Mac that were announced in January.
FHFA Proposes Changes to Fannie, Freddie Housing Goals
The Federal Housing Finance Agency today proposed changes to Fannie Mae and Freddie Mac’s affordable housing goals for the 2022-2024 period.
A Hand Up with a Down Payment
Banks help first-time borrowers tackle the high cost of homeownership.
Fannie, Freddie 2021 Affordable Housing Goals to Remain Unchanged
The Federal Housing Finance Agency yesterday announced Fannie Mae and Freddie Mac’s 2021 affordable housing goals would remain the same as during the 2018-2020 period.
Podcast: Celebrating Bankers’ Community Commitment
The ABA Banking Journal Podcast continues a pre-Thanksgiving tradition by interviewing the winners of ABA’s 2020 Community Commitment Awards. These stories present the perfect inspiration as we prepare for the season of thanks and giving.