The GSEs plan to increase loan purchases in all three DTS categories: manufactured housing, rural areas and affordable preservation.

New multifamily caps, announced in November, also included changes to the definition of “mission-driven.”

The program has accounted for a cumulative savings of 827 million gallons in water consumed and 152 million kilo-BTUs in energy savings.

The GSEs have consistently exceeded their affordable housing goals. Is it time to raise them?

Capital Senior Living posted a $215 million loss in the third quarter, most of which it attributed to the transfer of 18 facilities to Fannie Mae.

Though both Fannie and Freddie exceed FHFA’s benchmarks for low-income refis, low-income borrowers actually accounted for a smaller share of the companies’ refis than they did for the market as a whole.

The new rule provides clarity about how much and what kind of capital Fannie and Freddie will need in order to exit conservatorships. But the likelihood of that kind of capital raise seems remote.

Under the new guidelines, at least 50% of the multifamily loans that Fannie and Freddie purchase must be for affordable housing. That’s up from 37.5% under the prior caps.

Former MBA president David Stevens believes the adverse market fee has nothing to do with COVID-induced risk. “It’s about building up the capital of Fannie and Freddie,” he said.

On the multifamily side of the aisle Fannie purchased 385,763 units in the low-income category. Freddie did even better: 495,451.