Fannie Mae

Congressional authorization for credit-preference programs in the Equal Credit Opportunity Act could mitigate disagreements that might arise from the equitable housing finance plans, write two partners at K&L Gates.

But total volume is still 53% below last year’s level, while Fannie Mae found the dollar value of refinances down by over 70%.

These standalone properties make up nearly half of all rental units and the financing of them by Fannie Mae and Freddie Mac should reflected in the Federal Housing Finance Agency's affordable housing goal calculations, writes Manchester.

Fannie Mae and Freddie Mac have used the classic FICO score since 2003.

Affordable housing and legal expert Sharifa Anderson returns to the government-sponsored enterprise after prior roles at the Federal Home Loan Bank of Pittsburgh and HUD.

Its modifications aim to help two government-sponsored mortgage investors manage risk and rebuild capital while retaining enough flexibility to fulfill their affordable housing missions, said the Federal Housing Finance Agency’s acting director, Sandra Thompson.

Fannie Mae delayed a scheduled residential mortgage bond on Thursday due to market volatility spurred by Russia’s invasion of Ukraine, according to people with knowledge of the matter.

"The quality of our new business is high. The pricing of that business does not reflect the capital requirements of our regulatory rule," CEO Hugh Frater said.

Housing rights advocates said minority home-buyers and homeowners in 39 U.S. metropolitan areas will receive the funds as a result of a legal action alleging racial discrimination in the government-sponsored enterprise's foreclosure practices.

Compounding factors of low inventory and high costs also helped lead to another decline in Fannie Mae’s Home Purchase Sentiment Index.