Freddie Mac

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Federal Housing Finance Agency (FHFA) recently authorized Fannie Mae and Freddie Mac to disburse payments to HUD for the Housing Trust Fund (HTF) and to the Treasury Department for the Capital Magnet Fund (CMF). According to FHFA, HTF will receive $326.4 million for the year, while CMF will receive $175.8 million. Last year, HTF […]

A new white paper released by Freddie Mac details how communities can use mixed-income and social impact housing to stimulate economic growth and diversity while preserving affordable housing. The research examines properties in areas of concentrated poverty, which are areas designated by the Federal Housing Finance Agency that are characterized by disinvestment, persistently high poverty levels, low economic opportunity and high housing costs relative to income.

The final episode of Leading Voices in Real Estate for 2019 features David Brickman, who was appointed CEO of Freddie Mac in July 2019. In this interview, Brickman dives deep about his leadership of Freddie Mac’s multifamily group and his rise within the organization based on his innovations, particularly in the area of securitization and housing affordability.

Freddie Mac Multifamily announced the promotion of Richard C. Martinez to senior vice president, multifamily production and sales. In his newly expanded role, Richard will oversee production for all Optigosm product lines, including Conventional, Small Balance, Targeted Affordable Housing and Senior Housing.

The Federal Housing Finance Agency (FHFA) released the 2019 Strategic Plan for the Conservatorships of Fannie Mae and Freddie Mac and a new 2020 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions.

The Joint Center for Housing Studies (JCHS) of Harvard University released a working paper by Don Layton, a senior industry fellow at JCHS titled “What the FHFA Needs to Get Right in Its GSE Capital Rule.”

It’s been a busy week for the Federal Housing Finance Agency (FHFA). During the American Credit Union Mortgage Association’s Annual Conference, Director Mark Calabria shared his concerns about volume-based pricing discounts on Guarantee Fees (G-Fees). FHFA issued a confidential administrative directive to Fannie Mae and Freddie Mac restricting competition on G-Fees

FHFA sent a letter to the 11 Federal Home Loan Banks (FHLBanks) instructing them that, as of December 31, 2019, they should stop purchasing investments in assets tied to London Interbank Offered Rate (LIBOR) with a contractual maturity beyond December 31, 2021.

FHFA announced modified Preferred Stock Purchase agreements with Fannie Mae and Freddie Mac that allow the GSEs to retain capitals of up to $25 billion and $20 billion, respectively. The move ends the capital sweep on earnings above $3 billion that was put into place in 2008 when the GSEs entered conservatorship.

Finally, FHFA announced an agreement with Simone Grimes who accused former director Melvin Watt of sexual harassment.

The Federal Housing Finance Agency (FHFA) announced new multifamily loan purchase caps of $100 million each for Fannie Mae and Freddie Mac from the fourth quarter of 2019 to the fourth quarter of 2020. The new caps apply to all multifamily business with no exclusions. The FHFA also directs at least 37.5 percent of Fannie […]

Fannie Mae, Freddie Mac (the Enterprises) and the Federal Housing Finance Agency (FHFA), in collaboration with the Federal Reserve Bank of St. Louis and the Federal Reserve Bank of San Francisco are hosting four Duty to Serve (DTS) Listening Sessions in the Fall of 2019. These listening sessions are an opportunity for the public to provide input on the Enterprises’ proposed plans for the second DTS plan cycle, 2021-2023.

Last week the Department of the Treasury and HUD sent their Housing Finance Reform Plans to President Trump following his March Memorandum, which ordered the reports. The Senate Committee on Banking, Housing and Urban Affairs held a hearing on Housing Finance Reform: Next Steps with HUD Secretary Ben Carson, Treasury Secretary Steven Mnuchin and FHFA Director Mark Calabria as witnesses.

The National Housing Conference (NHC) released a new white paper on housing finance reform that calls for bipartisan cooperation between Congress and the Trump administration to complete housing finance reform leading to the release of Fannie Mae and Freddie Mac from conservatorship. he paper establishes seven conditions to guide administrative and statutory reform to ensure that the U.S. will have a well-functioning housing finance system that provides consistent, affordable credit to borrowers across the nation and through all parts of the credit cycle, while minimizing the risk of another taxpayer-funded bailout.

The Joint Center for Housing Studies (JCHS) of Harvard University released a new paper GSE Reform: None or Mostly Done? Author Don Layton argue that while Congress has yet to pass comprehensive reform of the government-sponsored enterprises (GSEs), almost all of the major flaws of the pre-conservatorship GSEs have been successfully addressed while the companies have been in conservatorship.