Tag Archives: Housing and Economic Recovery Act of 2008

Alanna McCargo sworn in to lead principal financing arm for government mortgage loans.

Fannie Mae and Freddie Mac have issued proposals outlining their objectives and activities to implement advancements in the manufactured housing, affordable housing, and rural housing markets.

The Federal Housing Finance Agency announced Wednesday that Freddie Mac and Fannie Mae's maximum conforming loan limits will be largely unchanged in 2016, except some higher-priced counties.

In a letter to the Federal Housing Finance Agency, the National Association of Federal Credit Unions is urging the FHFA to keep the conforming loan limit at its current baseline rate of $417,000 and not let the limit drop any lower, citing that this change could interrupt a still-recovering housing market.

Under the Housing and Economic Recovery Act of 2008 (HERA) requirements, the Federal Housing Finance Agency (FHFA) is obligated to submit an annual report to Congress concerning Fannie Mae’s and Freddie Mac’s guarantee fees. According to the FHFA report, the average level of guarantee fees charged has increased since 2009, when the report began. The guarantee fees are now two-and-a-half times their previous level from 2009 to 2014.