• November 16, 2017

    The Federal Housing Finance Agency (FHFA) today announced that it will permit the Government-Sponsored Enterprises (GSEs), Fannie Mae and Freddie Mac, to resume equity investments in the Low Income Housing Tax Credit (Housing Credit) market, with some limitations, effective immediately. The GSEs each will be able to invest up to $500 million annually in the Housing Credit; however, annual investments above $300 million must be made in markets identified by FHFA as having difficulty attracting investors.

  • October 30, 2017

    According to the Federal Housing Finance Agency (FHFA) Annual Housing Report for 2017 released today, Freddie Mac met its 2016 affordable housing goals and Fannie Mae met its multifamily goals but had a mixed record on its single-family goals. The report covers all Fannie Mae’s and Freddie Mac’s (collectively, the Government-Sponsored Enterprises, or GSEs) affordable housing activities in 2016.

  • October 26, 2017

    The Senate Banking Committee today held a hearing to consider President Trump’s nomination of Brian Montgomery to be Commissioner of the Federal Housing Administration (FHA) and HUD Assistant Secretary for Housing.

  • October 26, 2017

    Maintaining a federal role in the housing finance system is vital to ensure access to credit for all borrowers, mortgage industry representatives told the House Subcommittee on Housing and Insurance during a hearing held yesterday to consider private sector perspectives on housing finance reform.

  • October 24, 2017

    At a recent House Financial Services Committee oversight hearing, HUD Secretary Ben Carson outlined his new “FORWARD” Initiative; responded to a series of questions about the Federal Housing Administration, HUD’s Fiscal Year (FY) 2018 Budget, and the agency’s disaster relief efforts; and repeated statements he has made in the past supporting the Housing Credit.

  • October 4, 2017

    Members of the House Financial Services Committee questioned Federal Housing Finance Agency (FHFA) Director Mel Watt on a variety issues related to oversight of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac during a hearing held yesterday. Committee members also asked for Watt’s thoughts on how a future housing finance system should be structured.

  • September 27, 2017

    The Federal Housing Finance Agency (FHFA) earlier today released its proposed Strategic Plan for Fiscal Years 2018-2022. The plan outlines FHFA's goals and priorities for overseeing Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (FHLBs).

  • July 7, 2017

    The Senate Banking Committee held a hearing June 29 titled “Principles of Housing Finance Reform” to examine goals for housing finance reform legislation and priorities for any new or revised housing finance system. The hearing included testimony from leading industry experts representing the Mortgage Bankers Association, the Financial Services Roundtable, and the Center for Responsible Lending.

  • June 30, 2017

    The Federal Housing Finance Agency (FHFA) yesterday proposed a rule establishing affordable housing goals for the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac for years 2018 through 2020. FHFA proposes to maintain most of the affordable housing goals and subgoals at their current level.

  • June 12, 2017

    The Financial Services Roundtable (FSR) announced Monday it has hired Meg Burns as Senior Vice President of Mortgage Policy. Burns joins Ed DeMarco, former Federal Housing Finance Agency (FHFA) director, who recently became the president of FSR's Housing Policy Council (HPC).