Hedge funds and REITs are buying up the nation’s manufactured home communities, often with support from Fannie and Freddie. But most resident-owned communities can't meet the GSEs' LTV requirements.
New area-based subgoals for minority and low-income census tracts are aimed at reducing the likelihood that GSE loan purchases inadvertently promote gentrification.
Freddie Mac and MCT team up to help small- and mid-sized lenders make the switch from cash seller to guarantor. The transition impacts everything from pricing to operations.
As the first Senate-confirmed head of domestic finance in nearly a decade, the former Fed economist could play a vital role in renegotiating the PSPAs between Treasury and FHFA.
Fannie and Freddie are likely to have raked in more than $5 billion combined in adverse market fees on refinances before FHFA Acting Director Sandra Thompson decided to shut the program.