The CHOICEHome product, previously only available for multisection factory-built homes, is now available for single-wides. It’s expected to improve housing options in rural and underserved areas.
The GSEs will now be able to invest a combined $4 billion a year in LIHTC affordable housing tax credits. At least half of that investment must be in difficult-to-serve LIHTC communities.
Fannie revises policy for loans subject to a temporary rate buydown plan; Former Fannie employees sue for defamation; Freddie creates new board position; GSE shareholders lose appeal in one of the last net worth sweep lawsuits.
Mortgage rates and MBS spreads may depend on how the White House structures the proposed IPO for the GSEs and how markets react to a potential merger of the two mortgage giants.
Pulte suggests no end to conservatorship, but that doesn’t stop the debate about how an exit would work and what the government should do with its windfall.