Fannie Mae and Freddie Mac End Single-Family Rental Pilot Programs

Aug 21, 2018

Rental prices rose to another peak in November, according to new data released by Zillow

The Federal Housing Finance Agency (FHFA) has announced that Fannie Mae and Freddie Mac will shut down their single-family rental pilot programs and mostly exit from the single-family rental market, only maintaining except the investor programs Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages.

According to the FHFA, the government-sponsored enterprises “participated in the single-family rental market on a larger scale than previously” during the past two years. FHFA Director Mel Watt said that the lesson learned from these pilot programs was that “the larger single-family rental investor market continues to perform successfully without the liquidity provided by the Enterprises.”

The FHFA added that Fannie Mae and Freddie Mac can still be involved in this corner of the housing market by creating proposals that are “calculated to utilize single-family rentals as a pathway to homeownership.”

About the author

Phil Hall

Link copied

Published

Aug 21, 2018

Analysis and Data

It's A Buyers' Market In Texas And Florida!!!

Redfin says sellers are cutting their asking prices in the two southern states.

Two states in particular are experiencing a ballooning supply of homes for sale this spring, paired with modest price cuts to entice buyers. A new report from Redfin indicates that housing supply is surging in Florida and Texas, and sellers are cutting their asking prices...

Analysis and Data

Pending Home Sales Climbed 3.4% In March

National Association of Realtors reports gains in Northeast, South and West, with a slight drop in the Midwest

Homes under contract are rising at a cautiously hopeful pace this spring. The National Association of Realtors’ Pending home Sales Index climbed 3.4% in March, increasing to 78.2. Year-over-year, pending transactions were up 0.1%. “March's Pending Home Sales Index – at...