Next year, the GSEs will see a $30 billion hike in their combined multifamily caps, which is in keeping with forecasts of more multifamily activity in 2026.
According to an analysis by a former FHFA economist, GSE market share ranges from 14.5% in Eagle Pass, TX, to 67.0% in Boulder, CO. Except for Puerto Rico, these disparities are widest in the South and Southwest.
Allowing the GSEs, under certain conditions, to purchase up to $300 billion in agency MBS each could reduce mortgage rates by as much as 30 basis points, lender groups say.
The FHFA released its first strategic plan under the auspices of Director Bill Pulte. The plan reveals some differing priorities compared with the FHFA under the Biden administration.
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.
A rare wave of bipartisanship swept through Congress last week, propelling a key piece of housing legislation through the Senate Banking Committee. And there are separate proposals in the House.
The trade group urged Fannie and Freddie to modernize their construction-to-permanent loan products to expand access to affordable housing and encourage more lenders to participate in these projects.
Republicans may hope to use any windfall the government gets from selling its stake in the GSEs to offset revenue cuts in their “Big Beautiful Bill,” but housing advocates have other ideas.
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