Investors will be able to elect a real estate mortgage investment option for Fannie’s multifamily MBS beginning Jan. 1.

Under the final rule, Fannie and Freddie will have to hold slightly more than $283 billion in capital. That’s $49 billion more than what FHFA had estimated when it re-proposed the rule in May.

Under the new guidelines, at least 50% of the multifamily loans that Fannie and Freddie purchase must be for affordable housing. That’s up from 37.5% under the prior caps.

On the multifamily side of the aisle Fannie purchased 385,763 units in the low-income category. Freddie did even better: 495,451.

The FHFA director has proposed a new rule that would ensure stakeholders have a say when the GSEs consider new products or activities.

Both enterprises continue to structure deals.

Freddie prices its first sustainability K-deal, a $535 million transaction.

Over the past two weeks, Fannie Mae and Freddie Mac have collectively priced multifamily deals totaling nearly $4 billion.

Jeffery Hayward will assume the newly created position of chief administrative officer at Fannie. He will oversee affordable housing, as well as environmental, social and governance programs.

Freddie originally planned to issue a $550 million STACR, but then increased the offering size to $1.1 billion due to investor demand.