It’s been 10 years since the Federal Housing Finance Agency has examined the mandatory competitive programs of the Federal Home Loan Banks’ affordable housing program.
Minority-owned Protecdiv will partner with insurance giant Aon in credit insurance risk-transfer transactions. The collaboration gives the small re-insurer the scale to work with large institutions.
The new pricing matrices for Fannie and Freddie may create modest net increases in the cost of a mortgage, but FHFA says that will support more lending for low-income borrowers.
The new benchmarks for Fannie Mae and Freddie Mac reflect higher interest rates and the anticipated decline in the number of affordable units in the multifamily market.
The Mortgage Bankers Association argues that higher income thresholds would allow more minority borrowers access to low-downpayment mortgages like HomeReady and Home Possible.