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
- July 28, 2010
The Obama Administration this week announced plans to host a Conference on the Future of Housing Finance on August 17 in Washington D.C. at the Treasury Department. - July 22, 2010
NCSHA submitted its paper on GSE reform to HUD and Treasury on July 21 and comments on Federal Home Loan Bank affordable housing goals and Fannie Mae and Freddie Mac’s duty to serve underserved markets to the Federal Housing Finance Agency on July 12 and 22.
Housing Headlines
- Washington Post
- Department of Treasury
- Wall Street Journal
- Wall Street Journal
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.
Government Sponsored Enterprises (GSEs) - Resources
- July 22, 2010NCSHA’s GSE reform paper calls on the Administration and Congress to establish a powerful commitment to affordable housing within any future housing Government-Sponsored Enterprises or other secondary market entities and to build upon the productive partnerships the existing GSEs and HFAs have formed to expand housing opportunity in this country.
- July 22, 2010NCSHA’s letter on Fannie Mae and Freddie Mac’s duty to serve underserved markets supports the proposed rule’s efforts to encourage the GSEs to increase their support of affordable housing activities in preservation, manufactured housing, and rural areas and the rule’s support of GSE partnerships with HFAs.
