At the first of three planned listening sessions, FHFA heard that for-profit investors increasingly use litigation to pressure nonprofit affordable housing developers to sell LIHTC-funded properties at minimal prices.

Over the past two years, Fannie estimates its single-family green MBS program has saved over 45 billion BTUs of energy.

Fannie and Freddie bolstered their affordable housing acquisitions in 2021; FHLB not so much.

Rich Martinez joins the growing roster of executives abandoning the GSEs for greener pastures.

The White House action plan for increasing the supply of affordable housing largely piggybacks on the duty-to-serve plans of Fannie Mae and Freddie Mac.

Donna Corley, Freddie’s head of single-family, said borrowers will soon be able to use the Choice Renovation product to finance the construction of accessory dwelling units and count the rent toward income.

With their unguaranteed subordinate tranches, the K-series was the first enterprise security to transfer credit risk to private investors.

Fannie and Freddie addressed FHFA complaints by adding more rigorous and measurable goals to their plans to improve liquidity in underserved mortgage markets.

The Freddie veteran replaces Deborah Jenkins, who left in October.

The deal will help support the development of 1,500 units of senior housing in Arizona, more than half of which will be affordable to renters with incomes lower than 50% of AMI.