By acing their 2021 stress tests, Fannie Mae and Freddie Mac may have demonstrated they’re no longer a threat to taxpayers, but they’re still years away from having enough capital.
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Affordable housing advocates say Fannie Mae and Freddie Mac should do more to prevent investors from exploiting loopholes to profit off of LIHTC-funded properties.
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Since the Federal Open Market Committee ostensibly began to let them run off on June 1, SOMA’s holdings of agency MBS have increased by $20 billion.
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FHFA says the new committee will provide greater transparency on policy and give shareholders more input on matters related to affordable, equitable and sustainable housing.
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Ian Ouwerkerk, who began running multifamily underwriting and credit for Freddie on an interim basis in the first quarter, has been promoted permanently to the job.
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