The Federal Housing Administration yesterday announced the county loan limits for its single-family mortgage insurance programs for 2020 and issued a Mortgagee Letter that increases the minimum loan limit for low-cost areas and the maximum loan limit for high-cost areas.
The economic value of the Federal Housing Administration’s Mutual Mortgage Insurance Fund showed strong growth in FY 2019, according to FHA’s 2019 Report to Congress.
According to a report released today by the Federal Housing Finance Agency (FHFA), the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac in 2018 met all their affordable housing goals and their obligations under the Enterprise Duty-to-Serve Rule. The report, which FHFA submits to Congress each year, summarizes the GSEs’ 2018 affordable housing activities.
New FHFA Strategic Plan and Scorecard Lay Path for GSEs to Exit Conservatorship, Support Administration Reform Plan
The government-sponsored enterprises Fannie Mae and Freddie Mac will be expected to prepare for a responsible end to their conservatorships and to help to implement the Trump Administration’s housing finance reform proposals under the Federal Housing Finance Agency’s newly-released Strategic Plan for 2019 and Enterprise Scorecard for 2020
The Federal Housing Finance Agency yesterday released a Request for Information seeking public input on several changes Fannie Mae and Freddie Mac have proposed to their respective Underserved Market Plans for years 2018 – 2020.
Private activity bond issuance increased slightly from 2017 to 2018, according to the Council of Development Finance Agencies’ Annual Volume Cap Report for 2018.
The U.S. Department of Housing and Urban Development announced late yesterday the recipients of just over $42 million in Housing Counseling program grants for FY 2019. HUD’s announcement says the funding will go to 207 different housing counseling agencies, including 19 state HFAs who will receive a combined $8.5 million in grants.
Federal Housing Finance Agency Director Mark Calabria and Treasury Secretary Steven Mnuchin announced earlier today that they have agreed to allow the government-sponsored enterprises Fannie Mae and Freddie Mac to retain additional capital. The agreements amend the Preferred Stock Purchase Agreements both GSEs entered into with Treasury as a condition for receiving federal assistance in 2008
The Senate Banking Committee yesterday held a hearing to discuss housing finance reform proposals released last week by the U.S. Treasury Department and HUD. Committee Republicans and Democrats expressed wide disagreements about the merits of the proposals, particularly their support for affordable housing.
The Federal Housing Administration (FHA) earlier today issued a final rule revising the requirements condominium projects must meet for their single-family units to be eligible for FHA mortgage insurance.