The Federal Housing Finance Agency (FHFA) just announced a realignment in their agency structure intended to help them to continue delivering as a regulator of the Enterprises, Fannie Mae and Freddie Mac, and the Federal Home Loan Banks, and to ensure that the Enterprises can responsibly exit conservatorship.
a Human Touch
The Perfect Balance
Women in the Real Estate & Housing Ecosystem (NAWRB) is pleased to announce NAWRB Diversity & Inclusion Leadership Council (NDILC) member Rachel Beam-Jares has been promoted to Director of Loss Mitigation, Single-Family Collateral Valuation, at Fannie Mae. Rachel is a valued asset to the NDILC Council, and we are inspired by her achievements as a diversity leader in the appraisal industry. Congratulations, Rachel! We look forward to watching your success in this new role and other future achievements.
About Fannie Mae
NAWRB: What’s a favorite aspect of your current position? And what are some of the unique challenges you might face in it?
Sarah Goldfrank (SG): I would have to say my favorite part of my current position is being a part of Fannie Mae and our mission because it is such an incredible mission to be an integral part [of]. In essence, we are at the center of the housing market which is at the center of the U.S. economy, and it’s so meaningful to millions of people across this country, what we deliver everyday, and we are an incredibly mission-driven company. Every year our employee engagement shows that, and I am absolutely one of those people where the mission gets me up everyday and makes me excited about the work that I do.
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.
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.
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.
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.