The Federal Home Loan Banks awarded approximately $352.4 million in affordable housing program funds in 2021, a 10% decline from the year before, according to a report released today by the Federal Housing Finance Agency.
The shift to remote work during the COVID-19 pandemic accounted for 60% of the increase in housing prices since 2019, according to research published today by the Federal Reserve Bank of San Francisco.
The Federal Housing Finance Agency announced today it will establish a federal advisory committee on affordable, equitable and sustainable housing.
The Federal Housing Finance Agency announced changes to the methodology Fannie Mae and Freddie Mac will use to measure their multifamily housing goals.
Testifying before the House Financial Services Committee today, Federal Housing Finance Agency Director Sandra Thompson acknowledged the challenges currently facing the mortgage market as a result of inflation and rising interest rates.
The share of mortgages originated by nonbanks continues to climb, accounting for 63.9% of home-purchase loans, up from 60.7% in 2020.
Fannie Mae and Freddie Mac today released multiyear plans detailing how they will address systemic barriers faced by Black and Latino homeowners and renters, as required by the Federal Housing Finance Agency.
Fannie Mae and Freddie Mac acquired more than 360,000 loans through their affordable housing programs in 2021, according to a report released today by the Federal Housing Finance Agency, which oversees the GSEs and the Federal Home Loan Banks.
ABA joined the California and Georgia bankers associations with voter education ads thanking two lawmakers for their work supporting communities.
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.