Freddie Misses on Low-Income Refis, Must Remediate

FHFA today announced that Fannie Mae met all of its 2020 single-family and multifamily housing goals, but Freddie Mac failed its single-family low-income refinance goal.  FHFA Acting Director Thompson underscored that compliance with the housing goals is not optional, stating also that FHFA will work with the GSEs to ensure they meet both statutory and Conservatorship Scorecard requirements.