FHFA Adopts Final Rule on Goals for Fannie Mae, Freddie Mac

Wednesday, August 19, 2015 - 7:00am

The Federal Housing Finance Agency (FHFA) adopted a final rule on Fannie Mae and Freddie Mac goals for single-family and multifamily housing for 2015 through 2017. The final rule sets identical benchmarks for both government-sponsored enterprises in all categories and establishes goals for the first time for rental units available to low-income families in small properties (five to 50 units). The final rule establishes goals for home purchases and refinances for different levels of low-income families and areas. It also sets goals for the number of multifamily units financed by Fannie Mae and Freddie Mac at different levels of low-income housing. The rule was proposed in August 2014 and the FHFA received more than 144 comments. The final rule will become effective 30 days after publication in the Federal Register.