Freddie Mac, McLean Va., said federal and local moratoria in response to the COVID-19 pandemic largely prevented an eviction crisis involving property renters—but the amount of back rent still owed is a “concerning factor” going forward.
Tag: Freddie Mac
CDC Extends National Residential Eviction Moratorium for Final Time to July 31
The Centers for Disease Control and Prevention on Thursday extended its nationwide residential eviction moratorium by another month, to July 31.
Supreme Court Rules FHFA Director ‘Removable at Will;’ Calabria Out
The Supreme Court on Wednesday ruled that the structure of the Federal Housing Finance Agency is unconstitutional, allowing the President to remove its director at will. Shortly after the ruling, The Biden Administration removed Mark Calabria as FHFA Director.
Briefs From Arbor, Freddie Mac, Savills
Arbor Realty Trust, Uniondale, N.Y., closed an $815 million commercial real estate mortgage loan securitization.
Apartment Investment Environment Stays Steady
Freddie Mac, McLean, Va., said its Apartment Investment Market Index held steady in the first quarter as continuing low interest rates support the sector.
FHFA, GSEs Extend COVID-19 Multifamily Forbearance through Sept. 30
The Federal Housing Finance Agency on Thursday said Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through September 30.
Industry Briefs May 21, 2021
Quicken Loans, Detroit, announced it will officially change its name to Rocket Mortgage on July 31. This change will bring alignment to the overall “Rocket” brand.
FHFA Announces GSEs’ Proposed Duty to Serve Underserved Markets Plans for 2022-2024
The Federal Housing Finance Agency published proposed 2022-2024 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac under the Duty to Serve program. The proposed Plans cover the period from January 1, 2022 to December 31, 2024.
Dealmaker: Greystone Closes $142M in Freddie Mac, Fannie Mae Loans
Greystone, New York, closed $142 million in Freddie Mac and Fannie Mae loans for multifamily assets in North Carolina and Maryland.
#MBANAC21: Senators Outline Housing Priorities
Three members of the Senate Banking Committee visited the Mortgage Bankers Association’s National Advocacy Conference to talk about renewed interest in housing priorities in the 117th Congress.