As news of Hurricane Ida and its impacts continue, we offer our heartfelt support to all those who have been affected by this storm. At Fannie Mae, our priority is to support those we serve in times of need. As always, we will continue to provide resources to help families, neighborhoods, and communities recover.
On August 26, the US Supreme Court issued their decision regarding the Centers for Disease Control and Prevention (CDC) eviction moratorium rendering the CDC order unenforceable and stating that Congress must act to impose a federal eviction moratorium.
The leap from renting to homeownership has long been one of the crucial steps on the wealth-building ladder. For many lower-income consumers and minorities, homeownership has been particularly difficult to achieve. As part of our mission to increase access to affordable housing and support racial equity in the housing system, Fannie Mae is committed to responsibly supporting an expansion of sustainable homeownership for these families.
On August 3rd, the Centers for Disease Control and Prevention (CDC) issued a new 60-day eviction moratorium order that is limited to areas in the United States with ‘substantial or high rate” of COVID-19 transmissions.
As we shared in the most recent Multifamily Wire, the federal eviction moratorium implemented by the Centers for Disease Control and Prevention (CDC) is set to expire on July 31, 2021. The eviction moratorium has been in place as a protection for renters during the COVID-19 pandemic.
Last year, both Multifamily Affordable Housing (MAH) and Structured Transactions reached some incredible milestones – $7.8 billion and $11.6 billion in production respectively. Behind the numbers lie steadfast partnership, the agility and stability of the DUS® model, and creative financing solutions built for your customers.
Better, faster, smarter. Delivering on digital transformation is a priority in 2021. Our internal and external processes and systems have undergone significant improvements in recent years, and we don’t plan on slowing down. Loan reporting is an area of opportunity – and an area where we intend to lead the industry toward important changes.