FHFA ESTABLISHES GSE HOUSING GOALS THROUGH 2014

Monday, November 12, 2012 - 1:30am

The Federal Housing Finance Agency (FHFA) today published a final rule that establishes new annual housing goal levels through 2014 for government-sponsored enterprises (GSEs) Freddie Mac and Fannie Mae. According to FHFA, both GSEs exceeded the multifamily housing goal levels for 2011; however, because of uncertainty in the housing market and the GSEs’ role in the marketplace, the goal levels for 2013 are set below the 2012 level, and are further decreased for 2014. The rule will take effect Dec. 13.