The Federal Housing Finance Agency announced today that it will raise Fannie Mae and Freddie Mac’s caps for multifamily lending to $100 billion for each GSE.
Browsing: Affordable housing
The goal: help the individual or family obtain housing quickly, increase self-sufficiency and keep them housed.
The Treasury Department today issued a much-anticipated blueprint for housing finance reform that includes providing explicit and paid-for federal government support for the secondary market, ending the more-than-decade-long conservatorships of Fannie Mae and Freddie Mac and promoting greater private-sector competition in housing finance.
The Federal Housing Administration issued a final rule today providing greater flexibility for individual condominium owners to obtain an FHA-insured mortgage.
As banks across the country mark American Housing Month in June, the ABA Banking Journal Podcast sat down with Michael Petrie, who leads the $4 billion Merchants Bancorp in Carmel, Ind. — one of the nation’s largest affordable housing lenders.
In observance of American Housing Month in June, the ABA Foundation today released an infographic that examines affordable housing challenges consumers face and highlights how the nation’s banks are working to ease the burden on consumers.
Christie Obenauer’s family-owned bank had a problem. Based in a rural county in western North Dakota, her community had been dealing with the prospect of population decline, but then the North Dakota energy boom brought an influx of newcomers. “It’s a wonderful problem to have.”
Bank investments in housing and broader community development can lead to improved health outcomes in communities.
In remarks at the American Bankers Association Washington Summit today, House Financial Services Committee Chairwoman Maxine Waters (D-Calif.) previewed several policy initiatives that the committee will pursue under her leadership, including housing reform, cannabis and Bank Secrecy Act/anti-money laundering reform.