FHFA New SF and MF Goals for Fannie, Freddie.

PR is HERE; Final Rule is HERE. 

SF goals summarized as:

• 27 percent for the low-income home purchase goal;
• 8 percent for the very low-income family home purchase goal;
• A percentage to be set annually by FHFA for the low-income/high minority/disaster areas home purchase goal (with a subgoal of 13 percent to measure acquisitions in low-income/high minority areas only); and
• 21 percent for the low-income family refinance goal.

MF goals summarized as:

• Fannie Mae’ s goal is to acquire mortgages that finance at least 177,750 low-income rental units and 42,750 very low-income rental units.
• Freddie Mac’s goal is to acquire mortgages that finance at least 161,250 low-income rental units and 21,000 very low-income rental units.
• The Enterprises must also report on their acquisition of mortgages involving low-income units in small (5- to 50-unit) multifamily properties.

Originally created and posted on the Oregon Housing Blog.