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FHFA Voices Support for Fannie, Freddie Mission
The nation’s home builders have commended the Federal Housing Finance Agency (FHFA) for reiterating that multifamily housing finance remains at the core of the mission of Fannie Mae and Freddie Mac.
In a Sept. 12 statement, the FHFA voiced support for the housing finance activities of the two housing government sponsored enterprises while they are in conservatorship, with a particular focus on their multifamily business. The FHFA took over the operations of Fannie and Freddie earlier this month.
“As conservator, FHFA expects each Enterprise to continue underwriting and financing sound multifamily business. We also do not expect either company to liquidate its portfolio of LIHTC (low-income housing tax credit) or mortgage revenue bonds,” the agency said.
NAHB Executive Vice President and CEO Jerry Howard on Sept. 15 issued a brief statement noting that the association is pleased that the FHFA “singled out the particular importance of the low-income housing tax credit and mortgage revenue bond programs as vital components to provide liquidity to the housing market and maintain a vibrant secondary market.
“FHFA understands that now, more than ever, Fannie and Freddie must continue operating in a responsible manner and serve their mission of providing affordable homeownership and rental opportunities to all Americans.”
For more information, e-mail David Ledford at NAHB, or call him at 800-368-5242 x8265.
 Attend the NAHB Construction Forecast Conference
Don't miss NAHB's 2008 Fall Construction Forecast Conference and Webcast for the latest economic news about the housing industry.
Join NAHB on Oct. 22 in Washington, D.C., where the country’s leading economists and finance experts will provide insight into the uncertainties of the housing market.
To register for the conference or Webcast, and to see the full conference agenda, visit www.nahb.org/cfc.
 Want to Know the Housing Forecast for the Top 100 Metros?
Find out in HousingEconomic.com’s 2008 to 2009 Metro Forecast (free preview).
Get the metro forecast with in-depth analysis, overviews and downloadable Excel tables.
To learn more, visit www.HousingEconomics.com.
 Free NAHB Kit Gives Builders Back-to-Basics Tips to Navigate the Slowdown
What was once expected to be a relatively mild housing slump following three years of record new home construction and sales has given way to a significant downturn.
To help members navigate the uncharted waters of this slowdown, NAHB has compiled a comprehensive “Back to Basics” online toolkit — the best of the basics, the tried and true and the truly new. To access the toolkit, click here.
To access the “Back to Basics” toolkit, you must be an NAHB member and have a login to www.nahb.org. To create a login, go to www.nahb.org/login or click on the log-in button on the main menu bar.
For assistance, call the NAHB Member Service Center at 800-368-5242.
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