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Fannie, Freddie to Re-Enter LIHTC Market - Housing Finance
Fannie Mae and Freddie Mac were two of the nation’s largest LIHTC investors, representing an estimated 35% to 40% of the market, before being placed into conservatorship by FHFA in 2008.
Fannie Mae and Freddie Mac: Changes to the Regulation of Their Mortgage ...
This assures Fannie Mae and Freddie Mac access to relatively inexpensive funds to finance their portfolios and a ready market for MBS if they decide to sell them.
GSEs and Their Counterparts – A Multifamily Agency Financing Primer
Even with this increase, they’ll have less than 10% of market share of total LIHTC equity investment which is similar to what they’ve had in recent years. Meanwhile, before they were placed into conservatorship in 2008 the GSEs had about 35-40% of market share of LIHTC equity.
Fannie Mae and Freddie Mac: Past, Present, and Future
By the end of 2008, their holdings remained high, with $52.4 billion at Fannie Mae and $99.9 billion at Freddie Mac. The private-label securities contributed significantly to the GSEs’ losses in 2008; in many cases, the value of the securities fell as much as 90 percent from the time of purchase.
Recapitalizing the GSEs through Administrative Action
Fannie Mae and Freddie Mac, collectively known as the government-sponsored enterprises (GSEs), have been in conservatorship since 2008. At the time the conservatorship was established, there was no plan for an exit path.
Fannie Mae Announces $100 Million LIHTC Fund - Architect Magazine
Fannie Mae has closed on a $100 million low-income housing tax credit (LIHTC) fund, marking its first housing credit investment in about a decade. The fund, known as Raymond James Affordable Housing Fund 11 LLC, will be managed by Raymond James Tax Credit Funds.
Fannie Mae, Freddie Mac, and Housing Finance Reform
While Fannie and Freddie were created at different times and for different purposes, they have had effectively identical charters and responsibilities since 1992. Prior to September 7, 2008, when they were placed in conservatorship, they were privately owned and operated corporations.
Freddie Mac - Wikipedia
The top 10 recipients of campaign contributions from Freddie Mac and Fannie Mae during the 1989 to 2008 time period include five Republicans and five Democrats.
GSE Portfolios, Systemic Risk, and Affordable Housing
A straightforward means of anchoring the GSE portfolios to a clear public mission would be to require Fannie and Freddie to focus their portfolios almost exclusively on holdings of mortgages or mortgage-backed securities that support affordable housing.
The Time Bomb That Ticks No More: GSEs’ LIHTC Portfolios Shrink
Prior to that point, Fannie Mae and Freddie Mac combined accounted for an estimated 40% of total annual LIHTC investment.
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