ABA joins state banking groups in ads thanking lawmakers for their community outreach
ABA joined the California and Georgia bankers associations with voter education ads thanking two lawmakers for their work supporting communities.
Browsing: Affordable housing
Six top concerns for mortgage bankers
These challenges will affect all markets, but will have local distinctions that will be important for market participants to understand as they navigate the uncertain road ahead.
GSEs release ‘duty to serve’ plans
The Federal Housing Finance Agency yesterday outlined how Fannie Mae and Freddie Mac will work to improve the distribution and availability of safe and sound residential mortgage financing in underserved markets between 2022 and 2024.
FHA offers 40-year mortgage modification, seeks public comment to make it permanent
The Federal Housing Administration added a 40-year mortgage modification option to assist borrowers who are behind on their mortgage payments for FHA Title II forward mortgages, and hopes to make it permanent.
Fed Gov. Waller: Current Surge in Housing Costs and Previous Price Bubble Not Comparable
Today’s rise in housing prices not as risky to financial stability as the real estate bubble and crash of 2008, Fed governor says.
FHFA Announces Higher Fees For High Balance Loans, Second Home Loans
The Federal Housing Finance Agency said today it will increase fees for certain Fannie Mae and Freddie Mac high-balance loans and second home loans starting on April 1. Fees for high-balance loans will increase between 0.25% and 0.75%, and second home loan fees will rise between 1.125% and 3.875%, with both types tiered by loan-to-value ratio, FHFA said.
FHFA Issues Final 2022-2024 Housing Goals for Fannie, Freddie
The Federal Housing Finance Agency today issued a final rule establishing single-family affordable housing goals for Fannie Mae and Freddie Mac for the 2022-2024 period.
Podcast: Giving Thanks with America’s Banks
The latest episode of the ABA Banking Journal Podcast continues a pre-Thanksgiving tradition by interviewing the winners of ABA’s 2021 Community Commitment Awards. These stories present the perfect inspiration as we prepare for the season of thanks and giving.
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.
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.