FHFA Announces Equitable Housing Finance Plans for Fannie Mae, Freddie Mac
The Federal Housing Finance Agency (FHFA) today announced that Fannie Mae and Freddie Mac (the Enterprises) will submit Equitable Housing Finance Plans to FHFA by the end of 2021.
The Enterprises will update these plans annually and they will identify and address barriers to sustainable housing opportunities, including the Enterprises’ goals and action plans to advance equity in housing finance for the next three years.
FHFA also will require the Enterprises to submit annual progress reports on the actions undertaken during the prior year to implement their plans.
Under the recently signed Memorandum of Understanding between FHFA and HUD regarding fair housing and fair lending coordination, HUD provided insight and expertise to FHFA regarding this equitable housing finance initiative.
FHFA is issuing a Request for Input that seeks public comment until Oct. 25, to aid the Enterprises in preparing their first plans and to aid FHFA in overseeing the plans.
FHFA will also host a public listening session on Sept. 28 to allow for additional public input.
Latest from NAHBNow
Apr 18, 2025
Empowering New Home Buyers and Builders with Data and ExposureHomebuyers are increasingly relying on a research-driven approach to their new home buying experience. Homes.com is meeting that need with its new home marketplace.
Apr 17, 2025
Trade War Will Create Further Economic and Financial Market StressNAHB Chief Economist Robert Dietz provided this economic and housing industry overview in the bi-weekly newsletter Eye On the Economy.
Latest Economic News
Apr 17, 2025
Housing Starts Decline Amid Economic UncertaintyConstrained housing affordability conditions due to elevated interest rates, rising construction costs and labor shortages led to a reduction in housing production in March.
Apr 16, 2025
Builder Confidence Levels Indicate Slow Start for Spring Housing SeasonGrowing economic uncertainty stemming from tariff concerns and elevated building material costs kept builder sentiment in negative territory in April, despite a modest bump in confidence likely due to a slight retreat in mortgage interest rates in recent weeks.
Apr 14, 2025
Where Do Builders and Remodelers Buy Building Products?The most common sources for products used in home building and remodeling are specialty retailers, lumber yards, and wholesale distributors, according to two recent NAHB surveys. The surveys include one of single-family homebuilders in the October 2024 NAHB/Wells Fargo Housing Market Index (HMI) and one of remodelers in the Q3 2024 NAHB/Westlake Royal Remodeling Market Index (RMI). Both surveys asked respondents where they purchase building products, regardless of who ultimately purchases them (themselves or subcontractors).