FHFA

Join Us for CREFC's Timely High-Yield, Distressed Assets, & Servicing Conference in New York

Retrieved on: 
Wednesday, February 7, 2024
Politics, Cato Institute, Housing, Mechanics, FHFA, Good, Federal Housing Finance Agency, Bangladesh Technical Education Board, Holland & Knight, Conference, CRE

NEW YORK, Feb. 7, 2024 /PRNewswire/ -- The CRE Finance Council (CREFC), the trade association that exclusively represents the nearly $6 trillion commercial and multifamily real estate finance industry, will host its annual High-Yield, Distressed Assets, & Servicing Conference on March 6-7 in New York City. This event brings together servicers, alternative lenders, and high-yield investors focused on commercial real estate (CRE) debt and equity, as well as sub-performing and non-performing commercial property loans.

Key Points: 
  • CREFC's timely two-day conference offers a rich program examining the latest top-of-mind issues in CRE finance, including rising borrowing costs tied to elevated interest rates and escalating expenses for property owners.
  • Attendees will have the opportunity to learn how different property types respond to a mix of macroeconomic challenges and high borrowing costs.
  • Conference sessions will also take a deep dive into the mechanics of CRE debt workouts and servicing troubled debt.
  • Dr. Calabria, currently a senior advisor to the Cato Institute, will speak about housing, politics, the regulatory environment, and macroeconomic issues.

R&T Deposit Solutions Names Jason Cave as Strategic Advisor for Regulatory and External Relations

Retrieved on: 
Wednesday, January 31, 2024
Freddie Mac, Growth, FDIC, Federal Deposit Insurance Corporation, FHFA, Fintech, Federal Housing Finance Agency, Regulation, Fannie Mae, Finance, Bank

NEW YORK, Jan. 31, 2024 /PRNewswire/ -- R&T Deposit Solutions ("R&T"), a leading provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs, announced today the appointment of Jason Cave as a Strategic Advisor for Regulatory and External Relations.

Key Points: 
  • NEW YORK, Jan. 31, 2024 /PRNewswire/ -- R&T Deposit Solutions ("R&T"), a leading provider of tech-enabled liquidity management, deposit funding, and securities-based lending programs, announced today the appointment of Jason Cave as a Strategic Advisor for Regulatory and External Relations.
  • Mr. Cave brings over 30 years of experience in public leadership, regulatory development, and financial institution stability.
  • "Together, we are focused on creating a better future for our clients, shaping a landscape of financial institution stability and strategic innovation."
  • At the FDIC, Mr. Cave led capital markets operations and the bank risk oversight program.

Freddie Mac Multifamily Supports Over 423,000 Affordable Rental Units in 2023, on Track to Exceed Affordable Housing Goals

Retrieved on: 
Monday, January 22, 2024
AMI, Housing, FMCC, Freddie Mac, Federal Housing Finance Agency, OTCQB, Investment, Tenant, FHFA, Commercial property

The company met its mission-driven affordable housing targets, supporting 423,177 affordable rental units across the United States.

Key Points: 
  • The company met its mission-driven affordable housing targets, supporting 423,177 affordable rental units across the United States.
  • The Freddie Mac data released today indicates that the company will achieve all of its 2023 Multifamily affordable housing goals set by the Federal Housing Finance Agency (FHFA).
  • “In 2023, Freddie Mac Multifamily was proud to again surpass our ambitious affordable housing goals, despite significant headwinds facing the overall market,” said Kevin Palmer, head of Multifamily for Freddie Mac.
  • In addition, Freddie Mac Multifamily financed more than $13 billion in Targeted Affordable Housing in 2023, supporting nearly 108,000 rent-restricted affordable units.

Fannie Mae Announces Single-Family Social Bond Framework

Retrieved on: 
Tuesday, January 23, 2024
Capital market, Social, MBS, Housing, Fannie Mae, Freddie Mac, Enterprise, Federal Housing Finance Agency, OTCQB, Investment, International Capital Market Association, Groundwork, FNMA, FHFA, Sustainalytics, Insurance

WASHINGTON, Jan. 23, 2024 /PRNewswire/ -- Fannie Mae (OTCQB: FNMA) today announced the launch of its Single-Family Social Bond Framework and updates to disclosures for the company's Single-Family mortgage-backed securities (MBS), aimed to further support access to credit and affordable housing as part of its mission and goals.

Key Points: 
  • The updated Social Bond Framework describes the Fannie Mae mortgage collateral eligible to be pooled, issued, and labeled as Single-Family "Social MBS."
  • The Fannie Mae Single-Family Social Bond Framework is being rolled out in alignment with Freddie Mac and in cooperation with the Federal Housing Finance Agency (FHFA).
  • This opinion letter acknowledges that the Social Bond Framework is credible and impactful, and aligns with the four core components of the International Capital Market Association's Social Bond Principles 2023 .
  • Information on the Social Bond Framework and Mission Index can be found on Fannie Mae's website and via our Perspectives blog : "Mission in Focus: Enhanced Disclosures Lay the Groundwork for Single-Family Social MBS."

Freddie Mac Multifamily Loan Purchase Cap for 2024 is $70 Billion

Retrieved on: 
Tuesday, November 14, 2023
Scorecard, Freddie Mac, FMCC, Tenant, FHFA, OTCQB, Federal Housing Finance Agency, Housing, Commercial property, Property management, Real estate

MCLEAN, Va., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily’s loan purchase cap for 2024 will be $70 billion.

Key Points: 
  • MCLEAN, Va., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) Multifamily’s loan purchase cap for 2024 will be $70 billion.
  • The cap is set by the Federal Housing Finance Agency (FHFA) based on projections for the size of the multifamily debt origination market.
  • “We know the multifamily market faces significant headwinds, which makes Freddie Mac’s countercyclical role critically important to lenders and borrowers,” said Kevin Palmer, head of Multifamily for Freddie Mac.
  • “Freddie Mac created its preservation offerings to give multifamily borrowers an incentive to keep rents affordable,” Palmer said.

CREFC's Annual D.C. Symposium Returns on November 28, 2023

Retrieved on: 
Monday, November 20, 2023
Bureau of Legislative Affairs, Sustainability, Squeeze, FHFA, Federal Housing Finance Agency, Regulatory affairs, Finance, Private investigator

NEW YORK, Nov. 20, 2023 /PRNewswire/ -- The CRE Finance Council (CREFC), the trade association that exclusively represents the $5.9 trillion commercial and multifamily real estate finance industry, is happy to announce that its Annual D.C. Symposium returns on November 28, 2023. This event brings together leading experts to examine how rapidly evolving state and federal policies, a dynamic regulatory environment, and shifting political priorities will impact multifamily and commercial real estate finance.

Key Points: 
  • Symposium returns on November 28, 2023.
  • This event brings together leading experts to examine how rapidly evolving state and federal policies, a dynamic regulatory environment, and shifting political priorities will impact multifamily and commercial real estate finance.
  • FHFA Director Sandra L. Thompson will participate in a fireside chat moderated by CREFC's Executive Director, Lisa Pendergast, and CREFC Board of Governors Chair, Harris Trifon.
  • Their conversation will cover issues such as the state of multifamily housing and challenges brought on by an elevated interest-rate environment.

Statement by Ryan Donovan, President and CEO, Council of Federal Home Loan Banks on FHFA’s FHLBanks at 100 Report

Retrieved on: 
Tuesday, November 7, 2023
Policy, Council, Housing, Federal Home Loan Banks, Federal Housing Finance Board, FHFA, System, Bank

WASHINGTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today released the following statement in response to the publication of the Federal Housing Finance Agency’s much anticipated report on the FHLBank System.

Key Points: 
  • WASHINGTON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Ryan Donovan, President and Chief Executive Officer of the Council of Federal Home Loan Banks, the public voice of the Federal Home Loan Bank System (FHLBank System), today released the following statement in response to the publication of the Federal Housing Finance Agency’s much anticipated report on the FHLBank System.
  • “FHFA’s FHLBanks at 100 Report represents the beginning of what we anticipate will be a long process aimed at ensuring the FHLBanks remain well positioned to serve their members and their members’ communities for the next 100 years.
  • “Our members know they can count on us through all market conditions, and the overwhelming sentiment from FHFA’s review was that stakeholders want more, not less, from the FHLBank System.
  • “We plan to work with FHFA on ways to enhance the positive impact the System has for its members, the communities they serve, and the broader financial system.

Lance F. Drummond Elected Chair of Freddie Mac

Retrieved on: 
Tuesday, November 7, 2023
Dun, Parliamentary Information Technology Committee, Bank, Housing, Operation, Bradstreet, Freddie Mac, Procter & Gamble, Drummond, Operations and technology management, Human resources, Bank of America, FHFA, Kodak, Fiserv, TD Canada Trust, TD, Consumer, Thompson, Dun & Bradstreet, Federal Housing Finance Agency, Management

MCLEAN, Va., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Lance Drummond will become chair of Freddie Mac’s Board of Directors, the company announced today.

Key Points: 
  • MCLEAN, Va., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Lance Drummond will become chair of Freddie Mac’s Board of Directors, the company announced today.
  • The company is fortunate to have exceptional leaders, such as Sara Mathew and Lance Drummond, overseeing that effort,” said Sandra Thompson, Director of the Federal Housing Finance Agency.
  • Drummond joined the Freddie Mac Board in 2015, and currently serves as Chair of the Board’s Compensation and Human Capital Committee.
  • Thompson continued, “On behalf of FHFA, I wish to express my deep appreciation to Sara Mathew for her decade of service to Freddie Mac.

New AEI analysis using latest FHFA dataset confirms that appraiser racial bias on purchase transactions is neither systemic nor commonplace

Retrieved on: 
Thursday, November 2, 2023
Policy, Data, Freddie Mac, The American Enterprise, Research, Federal Housing Finance Agency, FHFA, AEI, Fannie Mae, Oak Park Regional Housing Center, Diagnosis, Real estate

The study is the first of its kind using newly released, appraisal-level data from the Federal Housing Finance Agency’s (FHFA) Uniform Appraisal Dataset Appraisal-Level Public Use File and confirms earlier AEI research , which had reached a similar conclusion.

Key Points: 
  • The study is the first of its kind using newly released, appraisal-level data from the Federal Housing Finance Agency’s (FHFA) Uniform Appraisal Dataset Appraisal-Level Public Use File and confirms earlier AEI research , which had reached a similar conclusion.
  • This suggests that studies by FHFA , Brookings , or Freddie Mac with their singular focus on appraiser racial bias have misdiagnosed the issue.
  • To facilitate further analysis, the AEI Housing Center urges FHFA to expand its appraisal-level dataset to include first-time home buyer status, seller concessions, or loan-to-value ratio.
  • To better measure and document appraiser racial bias, the study also urges FHFA, Fannie Mae, or Freddie Mac to review every appraiser on an individual basis for racial bias and deliberate inaccuracies with input from researchers.

New TransUnion Analysis Examines Repercussions of FHFA’s Proposed Move from Tri-Merge to Bi-Merge

Retrieved on: 
Monday, October 16, 2023
Federal Housing Finance Agency, NYSE, Mortgage Bankers Association, FHFA, Risk, GSE, Great, Black, Head, LMI, TRU, Life, TransUnion, Real estate, Insurance, Credit

TransUnion (NYSE: TRU) released these findings today at the Mortgage Bankers Association’s MBA Annual Convention & Expo.

Key Points: 
  • TransUnion (NYSE: TRU) released these findings today at the Mortgage Bankers Association’s MBA Annual Convention & Expo.
  • Their ineligibility would be due to gaps that can exist among lenders when it comes to reporting.
  • Additionally, 600,000 new mortgage borrowers per year could end up paying more in interest under the bi-merge than they would have if all the tri-merge information were used.
  • “Just one missing tradeline that may result from using one less credit report could dramatically impact eligibility and monthly payments.