FHFA Issues Annual Report to Congress, Including Fannie and Freddie Performance
The Federal Housing Finance Agency (FHFA) today released its 2021 Report to Congress. The report provides information on FHFA’s examinations of Fannie Mae, Freddie Mac, the 11 Federal Home Loan Banks and those banks’ Joint Office of Finance. FHFA, which acts as a conservator on Fannie and Freddie, reported on increasing both enterprise’s low-income housing tax credit (LIHTC) annual cap as well as how Fannie and Freddie made investments in targeted areas. The reports show that Fannie and Freddie both exceeded duty-to-serve loan purchase performance plan targets for all 12 areas of affordable housing preservation except for Fannie Mae falling short in Section 515 loans.
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