The Federal Housing Finance Agency (FHFA) recently announced that Fannie Mae and Freddie Mac (the Enterprises) will conclude their single-family rental pilot programs and then terminate their participation in the single-family rental market except through their previously existing investor programs – Fannie Mae’s Multiple Financed Properties and Freddie Mac’s Investment Property Mortgages. The FHFA’s announcement does not preclude the Enterprises from proposing changes to their existing programs to meet the needs of the single-family rental market, or from developing proposals that are calculated to utilize single-family rentals as a pathway to homeownership.
“What we learned as a result of the pilots is that the larger single-family rental investor market continues to perform successfully without the liquidity provided by the Enterprises,” said FHFA Director Melvin Watt.
Click here to read the full release at FHFA.gov.
