Loan-level price adjustments charged by the government-sponsored enterprises for loans in high-cost areas and for second-home mortgages are set to increase this spring.
Mike Calhoun, CEO of the Center for Responsible Lending, was once thought to be Biden’s choice to run FHFA. Last week, he added his voice to the chorus of endorsements for Sandra Thompson’s nomination.
The new goals don’t deviate dramatically from what the agency proposed in August, but the mulitfamily goals will only apply to 2022 instead of the usual three-year time span.