FHA-HFA Multifamily Loan Risk-Sharing Program FAQ
Congress established the Federal Housing Agency (FHA) – Housing Finance Agency (HFA) Multifamily Risk-Sharing program in 1992 to increase and speed up FHA’s multifamily mortgage production. The FHA-HFA Risk-Sharing program allows state HFAs that meet rigorous financial standards to underwrite FHA multifamily loans in return for sharing the risk of losses on those loans.
The FHA-HFA Multifamily Loan Risk-Sharing Program FAQ (last updated December 12, 2018) covers the following:
- What is the FHA-HFA Risk-Sharing program?
- What Has the Program Accomplished?
- What is the FFB Initiative?
- Why does the law currently prohibit Ginnie Mae from securitizing Risk-Sharing loans?
- Why should Congress allow Ginnie Mae to securitize FHA-HFA Risk-Sharing loans?
- Does Ginnie Mae securitize other multifamily loans?
- Will allowing Ginnie Mae to securitize FHA-HFA Risk-Sharing loans increase federal government spending?
- What is the history of proposals to allow Ginnie Mae to securitize FHA-HFA Risk-Sharing loans?
- Would Ginnie Mae securitization of FHA-HFA Risk-Sharing loans expand Ginnie Mae’s authority and involvement in affordable housing or increase risk to the federal government?
- Should the Ginnie Mae FHA-HFA Risk-Sharing loan securitization authority be temporary?