Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLBs) are government-sponsored enterprises (GSEs) that help bring capital to the housing markets. Their regulator is the Federal Housing Finance Agency (FHFA).
HFAs and the Housing GSEs
Fannie Mae and Freddie Mac purchase and securitize loans from HFAs and other lenders who then use the proceeds to finance more mortgages. The FHLBs provide advances and other financial products to support their members’ affordable housing activities. The GSEs are critical in providing liquidity, stability and affordability to the mortgage market, particularly for long-term, fixed-rate mortgages.
Until recent years, Fannie Mae and Freddie Mac were large purchasers of Housing Bonds and Housing Credits. NCSHA is working with the Administration and Congress to encourage Fannie Mae and Freddie Mac to support HFA bond issuance and liquidity needs. NCSHA supports a strong, healthy GSE system in order to ensure stability, liquidity, and affordability in the home mortgage market. One of NCSHA’s Legislative Priorities is to ensure the GSEs support HFAs with liquidity and capital, through the purchase of HFA Bonds and Housing Credits and other means.
Useful Links: Federal Housing Finance Agency, Fannie Mae, Freddie Mac, U.S. Federal Home Loan Bank System
Printer-friendly versionNCSHA Blog Posts
- January 27, 2012
Since President Obama proposed in his January 24 State of the Union address a plan to allow all homeowners the opportunity to refinance their mortgages, some additional information about the plan has emerged, despite the fact that the Administration has not formally released additional details. - January 18, 2012
HFA directors and staff, Administration officials, and industry partners came together last week for NCSHA's HFA Institute MRBs and Federal Mortgage Insurance conference. For three days, attendees took advantage of the opportunity to network with their peers and receive top-notch education during more than a dozen sessions.
Housing Headlines
- Washington Post
News
- April 30, 2010
The Ohio Housing Finance Agency (OHFA) recently issued $5.6 million of tax exempt bonds on behalf of New Hampshire House Associates, LLC. The proceeds of the bonds will be used to finance the acquisition and rehabilitation of a multifamily residential rental facility in Warren, Ohio. - October 26, 2009
Wisconsin Housing and Economic Development Authority (WHEDA) Executive Director Antonio Riley announced today more than $100 million in American Recovery and Reinvestment Act (ARRA) funding for affordable housing being built throughout Wisconsin.
Events
- April 29, 2011
Get into the swing of spring with an energetic exchange of ideas and knowledge with your HFA peers from across the country at our annual Virtual Spring Training. Spring Training is open to HFAs only.
Government Sponsored Enterprises (GSEs) - Resources
- December 13, 2011
NCSHA’s priorities, adopted annually by its Board of Directors after consultation with all state HFAs, set the agenda for NCSHA’s business development activities and advocacy before Congress, the Administration, and the federal agencies concerned with housing, including HUD, USDA, and the Treasury. - May 16, 2011
On May 12, House Financial Services Committee members John Campbell (R-CA) and Gary Peters (D-MI) introduced the ‘‘Housing Finance Reform Act of 2011’’ (HFRA), H.R. 1859, which would wind down Fannie Mae and Freddie Mac and set up a system that allows new entities, called housing finance guaranty associations (HFGAs), to replace them. The following is a detailed summary of the legislation, provided by NCSHA.
