Fannie, Freddie Can’t Use Non-Agency MBS, FHA HECMs, LIHTCs to Meet Updated Housing Goals
September 9, 2010
Fannie Mae and Freddie Mac will no longer be able to buy non-agency mortgage-backed securities and commercial MBS to meet their new affordable housing goals for 2010 and 2011, according to a final rule issued last week by their regulator, the Federal Housing Finance Agency. “FHFA does not intend for...