Advertisement
Enjoy access to a free NMLS renewal class when you attend an in-person event.
The Federal Housing Finance Agency (FHFA) has proposed a rule that would establish new single-family and housing goals for Fannie Mae and Freddie Mac for 2018 through 2020.
In the single-family housing sector, the FHFA is maintaining three of its four current initiatives: a low-income home purchase goal of 24 percent, a very low-income home purchase goal of six percent and a low-income refinance goal of 21 percent. Only the low-income areas home purchase sub-goal would change, from the current 14 percent to a new 15 percent target.
In the multifamily sector, the FHFA proposed keeping its current very low-income goal of 60,000 unites and its low-income small multifamily sub-goal of 10,000, but would increase its low-income goal from 300,000 to 315,000 units.
The FHFA asked interested parties to submit comments on this proposed rule within 60 days of its publication in the Federal Register.
