Although Fannie Mae and Freddie Mac are animals of the secondary market, the FHFA director said they have programs that can increase the amount of housing available.
The government-sponsored enterprise priced a CAS REMIC deal that was delayed last month. It also executed two CIRT transactions on approximately $50 billion in mortgage loans.
Fannie Mae and Freddie Mac met all the FHFA benchmarks last year, but even if they’re lucky enough to do just as well this year, they would still fall short on several multifamily goals.
The interagency task force on property appraisal and valuation equity has identified many steps Fannie Mae, Freddie Mac and the FHFA can take to reduce racial bias in the appraisal process.
In a wide-ranging conversation, FHFA Acting Director Sandra Thompson described how innovation and new technology can bring more equity to the homebuying process.