Both enterprises plan for expanded use of SPCPs and downpayment assistance programs to lower the cost of getting a mortgage for low- and moderate-income borrowers.
Although Fannie Mae and Freddie Mac failed to reach their multifamily volume caps in 2022, 2023 and probably 2024, FHFA raised the caps from $140 billion to $146 billion for 2025.
Mortgage industry stakeholders speculate about who Trump will nominate to oversee Fannie Mae and Freddie Mac and determine whether they remain in conservatorship or are re-privatized.
The reduction in fees for mortgages on homes that qualify for the GSEs’ housing goals are estimated to increase Fannie and Freddie acquisitions by 37,000 loans in 2025.
In a busy week at the Mortgage Bankers Association’s annual conference, Freddie Mac rolled out an expansion of its repurchase alternative pilot. Officials also defended the closed-end second-lien pilot.
Housing advocates say weaker goals don’t give the GSEs enough incentive to support underserved communities; lenders say they give needed leeway when markets are unpredictable.