The hottest news in Green these days is the inclusion of Green Financing in the 2022 FHFA Scorecard Appendix A. Green Mortgage Loans will be classified as partially or wholly mission-driven business when there is at least 20% affordability at 60% of area median income (AMI) or below.
After 26 years and a $50 billion book of business as of September 2021, our multifamily Structured Transactions products remain one of the most competitive portfolio management tools in the market, and it’s no surprise with the level of flexibility they offer.
Today, FHFA announced the multifamily loan acquisition volume caps for the GSEs in 2022. Each Enterprise can acquire up to $78 billion in multifamily loans for the year, an increase from the $70 billion cap in place for 2021.
Thank you for your on-going partnership as we adapt to the changing environment in meeting the needs of the market through the effects of the COVID-19 pandemic. We continue to make necessary adjustments and to provide you with the information needed in these changing market conditions.
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.