Although the GSEs financed fewer affordable units in small multifamily properties, the number of affordable units in Fannie- and Freddie-financed high-rises and garden apartments spiked from 170,000 to 248,000.

The baseline conforming loan limit for 2024 will rise $40,350 to $766,550 on mortgages for one-unit properties.

Even as the regulator rolls out some FHLB reforms, it knows Congress will have the final say on many of its objectives.

The enterprise’s plan closely resembles an alternative to current buyback policy that was proposed by CHLA in May.

As expected, the amended enterprise regulatory capital framework reduces the risk weight for commingled securities from 20% to 5%.

FHFA Director Sandra Thompson said workforce housing exemptions should still encourage multifamily borrowers to preserve affordable housing for “extended periods.”

Fannie Mae and Freddie Mac revenues ticked up in the third quarter, but an increase in net expenses cut into profits. Those expenses included damages and interest awarded to shareholders in Fairholme v. FHFA. (Includes data table.)

Although Fannie Mae and Freddie Mac met their duty-to-serve obligations, that doesn't mean they achieved all their goals. Both enterprises received low scores in some categories.

The GSEs’ shareholders racked up one win and one loss last week in their legal battle to overturn the net worth sweep.

Fannie Mae and Freddie Mac released details on FHFA’s new policy of extending natural disaster-related reps-and-warranty relief to mortgagees impacted by the pandemic.