General World News

With landmark GSE equity plans, FHFA confronts legacy of redlining

The Federal Housing Finance Agency (FHFA), under the leadership of Director Sandra Thompson, on Wednesday unveiled landmark equitable housing finance plans for Fannie Mae and Freddie Mac.

The plans establish a flexible framework for the government-sponsored enterprises to address barriers to sustainable housing and close the racial homeownership gap. The 2022 to 2024 plans will be updated annually, FHFA said in a statement, and will pay special attention to barriers to homeownership in Black and Latino communities.

The FHFA also unveiled a pilot transparency framework for the Enterprises, requiring them to publish and maintain a list of pilots details ⇒

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