News & Analysis as of

Affordable Housing Fair Housing Finance Agency

Orrick, Herrington & Sutcliffe LLP

Treasury, FHFA working group to increase lending for affordable housing

On November 1, the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) and the FHFA announced the creation of a working group to increase capital for affordable housing lending from the FHLBs. ...more

Dechert LLP

2024 Election - Implications on Real Estate - Update

Dechert LLP on

With President-elect Trump announced as the winner of the 2024 election, the landscape of U.S. policy is poised for potential shifts that could significantly impact various sectors. Stakeholders in the real estate market are...more

Orrick, Herrington & Sutcliffe LLP

FHFA requests information on its FHLBank Affordable Housing Program

On June 20, FHFA released its request for input (RFI) on the application process for the Federal Home Loan Banks’ (FHLBanks) Affordable Housing Program (AHP). FHFA invited input on all aspects of the AHP application process,...more

Orrick, Herrington & Sutcliffe LLP

Director Thompson outlines FHFA’s efforts to promote housing access and affordability

On April 18, Sandra L. Thompson, Director of the FHFA, addressed the U.S. Senate Committee on Banking, Housing, and Urban Affairs, emphasizing FHFA’s role in promoting access to affordable housing for homebuyers and renters...more

Orrick, Herrington & Sutcliffe LLP

FHFA releases advisory bulletin for pilot and voluntary programs

On November 13, FHFA released an advisory bulletin on the FHLBank Framework for Pilot and Voluntary Programs. The desire for FHFA to develop innovative pilot programs is to support “affordable housing, equity advancement, and...more

Lowndes

FHFA Issues Request for Input on Multifamily Tenant Protections

Lowndes on

The Federal Housing Finance Agency (FHFA) has issued a Request for Input (RFI) to gather public input on tenant protections in multifamily properties backed by Fannie Mae and Freddie Mac. The FHFA aims to understand the...more

Ballard Spahr LLP

Multifamily Updates – Rent Control, Tax Increases, Condominium Warranties, FHFA Tenant Protections RFI

Ballard Spahr LLP on

As a follow-up to our prior alert, we wanted to provide an update to legislative activities in the region: New Prince George’s County Updated Rent Control FAQs. We continue to receive many questions regarding the...more

Seyfarth Shaw LLP

FHFA Releases Multifamily Caps for Fannie Mae and Freddie Mac

Seyfarth Shaw LLP on

For those who may have missed it, the Federal Housing Finance Agency (FHFA) just released the 2022 multifamily loan caps for Fannie Mae and Freddie Mac (the Enterprises) increasing each Enterprise's multifamily cap to $78...more

McGuireWoods LLP

White House Announces Steps to Increase Affordable Housing Supply

McGuireWoods LLP on

On Sept. 1, 2021, the White House announced a set of policies designed to increase the supply of affordable housing, with a goal of producing nearly 100,000 additional affordable homes over the next three years. The policies...more

Goodwin

ISS Publishes 2021 Proxy Voting Guidelines

Goodwin on

In the News. Institutional Shareholder Services (ISS) published its proxy voting guidelines updates for 2021, which include new and updated voting recommendations on federal forum and exclusive forum provisions in companies’...more

Ballard Spahr LLP

CFPB, FHFA and HUD Announce COVID-19 Mortgage and Housing Assistance Website

Ballard Spahr LLP on

On May 12, 2020, the Consumer Financial Protection Bureau (CFPB), Federal Housing Finance Agency (FHFA) and U.S. Department of Housing and Urban Development (HUD) announced a joint COVID-19 mortgage and housing assistance...more

Ballard Spahr LLP

Inside the Beltway: Impeachment Inquiry Fuels Gridlock

Ballard Spahr LLP on

The prospect of the U.S. Congress acting on housing reform this year remains unlikely. The House Democrats’ determination to formalize the impeachment inquiry into President Trump’s involvement with Ukraine and begin public...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

SEC Statement on Potentially Unlawful Online Platforms for Trading Digital Assets - On March 7, 2018, the Divisions of Enforcement and Trading and Markets of the Securities and Exchange Commission released a "Statement on...more

Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week In Review

Financial Industry Developments - Federal Reserve Board Announces Finalized Rule Adjusting the Board's Maximum Civil Money Penalties - On January 18, 2017, the Federal Reserve Board announced that it was adjusting...more

Orrick - Finance 20/20

FHFA Issues Final Rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets

Orrick - Finance 20/20 on

On December 13, 2016, the Federal Housing Finance Agency (FHFA) issued a final rule implementing the Duty to Serve provisions mandated by the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended...more

Morrison & Foerster LLP

CFPB Issues Guiding Principles for Loss Mitigation after HAMP

On August 2, 2016, the Consumer Financial Protection Bureau (“CFPB”) published a new guidance document titled CFPB’s Principles for the Future of Loss Mitigation (the “Guidance”), which outlines a recommended framework for...more

Bradley Arant Boult Cummings LLP

FHFA Proposes Rule on Fannie Mae’s & Freddie Mac’s Duty to Serve Underserved Markets

Pursuant to the Housing and Economic Recovery Act of 2008, which amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, federal law requires the Federal National Mortgage Association (Fannie Mae)...more

Orrick - Finance 20/20

FHFA Issues Proposed Rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets

Orrick - Finance 20/20 on

On December 15, 2015, the Federal Housing Finance Agency issued a proposed rule that would require Fannie Mae and Freddie Mac to provide specific services relating to manufactured housing, affordable housing preservation and...more

Orrick - Finance 20/20

FHFA Finalizes House Price Index Measure for Conforming Loan Limits for Fannie Mae and Freddie Mac

Orrick - Finance 20/20 on

On October 19, 2015, the Federal Housing Finance Agency issued a Final Notice indicating that it will continue to use “expanded-data” House Price Index when establishing Freddie Mac and Fannie Mae’s maximum conforming loan...more

Orrick - Finance 20/20

FHFA Issues Update on the Common Securitization Platform

Orrick - Finance 20/20 on

On September 15, the Federal Housing Finance Agency released An Update on the Common Securitization Platform. The Update includes details on the organizational structure of Common Securitization Solutions, LLC, the joint...more

Ballard Spahr LLP

Affordable, small, and manufactured housing loans prioritized as GSEs approach volume caps

Ballard Spahr LLP on

The government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, have announced that they are quickly approaching their 2015 volume caps. In January of this year, the Federal Housing Finance Agency (FHFA), who...more

Bilzin Sumberg

FHFA Orders Contributions to Housing Trust Fund

Bilzin Sumberg on

Earlier this month, the Federal Housing Finance Agency (“FHFA”) ordered Fannie Mae and Freddie Mac to begin making contributions to the Housing Trust Fund (“HTF”) and the Capital Magnet Fund (“CMF”). The HTF is a formula...more

Ballard Spahr LLP

One small step for FHFA, one giant step for affordable housing and community reinvestment across the country

Ballard Spahr LLP on

In what may be one of the longest tests of perseverance and intestinal fortitude in the history of legislative advocacy for affordable housing, supporters of the National Housing Trust Fund (NHTF) finally saw their proposal...more

Ballard Spahr LLP

FHFA proposed rule on Enterprise housing goals is open for comments

Ballard Spahr LLP on

Issued earlier this month, a proposed rule from the Federal Housing Finance Agency considers updates to the Agency’s Enterprise housing goals. The rule applies to mortgages purchased by Fannie Mae and Freddie Mac for housing...more

Bilzin Sumberg

New FHFA Head Will Delay Proposed Mortgage Fee Hike

Bilzin Sumberg on

Former North Carolina congressman and the new head of the Federal Housing Finance Agency (FHFA), Mel Watt, has given the public a sneak peek of how he will lead the FHFA. On December 20 he released a statement expressing his...more

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