FHFA Requests Public Input for Duty to Serve Program Provisions – Deadline Nov. 2, 2018

The Federal Housing Finance Agency (FHFA) recently released a Request for Input to the public regarding proposed modifications to the Enterprises’, Freddie Mac and Fannie Mae, Duty to Serve (DTS) program. These proposed modifications will the purchase or rehabilitation of distressed properties activity, chattell loan pilot,  investment in LIHTC properties and financing by small financial institutions, as included in the 2018-2020 Underserved Markets Plans.

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Fannie Mae & Freddie Mac Conclude Expansion in Single-Family Rental Market

The Federal Housing Finance Agency (FHFA) announced yesterday that government-sponsored enterprises Fannie Mae and Freddie Mac will end their expansion into the single-family rental market by halting the single-family rental pilot programs initiated in the last two years. The FHFA has concluded that the market is able to run smoothly without the assistance of GSEs, even though they will still retain previous investor programs such as Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages.

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2018 NAWRB Conference: Knowing Your Partners — Financial Support and Legal Community

Following the “Freddie Mac Today” Panel at the 2018 NAWRB Conference, which offered valuable information on opportunities for homebuyers and businesses, the “Knowing Your Partners, Financial Support and Legal Community” Panel, including Sarah Goldfrank, Senior Vice President and Deputy General Counsel, Fannie Mae; Alexander Almazan, Attorney, Almazan Law; Mark Ferguson, Deputy District Director, Illinois District Office, the U.S. Small Business Administration (SBA); and Desiree Patno, CEO & President, NAWRB, continued to educate our audience about the power of knowing your customers, market and legal community for ensuring the success of their business.

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Marcia Davies and Tujuanna Williams Join NAWRB Diversity & Inclusion Leadership Council

Women in the Housing and Real Estate Ecosystem (NAWRB) today announced the addition of Marcia Davies, Chief Operating Officer of Mortgage Bankers Association and Founder of mPower, and Tujuanna B. Williams, Vice President and Chief Diversity and Inclusion Officer of Fannie Mae, to its Diversity and Inclusion Leadership Council (NDILC). The Council, founded in 2015, helps raise the number of C-suite women, increase women’s employment at all levels and advance women’s economic growth across the housing and real estate ecosystem.

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