GSE Multifamily Policy
The Enterprises play a critical role in providing a reliable source of capital for the multifamily mortgage market and support the increase in supply of affordable rental housing.
The GSEs serve as an important source of capital for financing multifamily housing. In the current context of multifamily housing finance and GSE reform, MBA will continue to advocate for legislative or administrative reform that supports liquidity in all market cycles while recognizing the important role of competition in financing multifamily housing. MBA will engage with policymakers to encourage GSE-related policies to support an appropriate role in affordable housing and underserved markets.
Over a decade has passed since the Enterprises were placed into government conservatorship. Despite the intent that conservatorship would serve as only a temporary bridge to stabilize the Enterprises, the conservatorship persists, and the Enterprises’ long-term status remains unresolved. GSE reform bills have been introduced in Congress; MBA and other organizations have released white papers and other documents suggesting visions for the future of the GSEs and housing finance.
RELATED: Read MBA’s Whitepaper on GSE Reform: Creating a Sustainable, More Vibrant Secondary Mortgage Market
Recent MBA Activity Related to GSE Multifamily Policy
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MBA President and CEO Bob Broeksmit, CMB Statement on Implementing Basel III
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MBA Joint Trade Letter to FHFA on Rent Control
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MBA Comment letter to HUD and USDA on Energy Efficiency Standards
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MBA Letter to FHFA on Tenant Protections RFI
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MBA Letter to Financial Stability Oversight Council (FSOC) on Proposed SIFI Designation Guidance
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MBA Letter to S&P Global Ratings on Insurer Risk-Based Capital Adequacy
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MBA Joint Letter to NAIC on Practices & Procedures (P&P) Manual Amendment
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MBA Comment Letter to House Ways and Means Committee on H.R. 3936, H.R. 3937, and H.R. 3938
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Coalition Letter to FSOC on the Analytic Framework and Nonbank Guidance Proposals
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Housing Affordability Coalition Statement on Congressional Letter on Housing Policy Solutions
Related MBA Events
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2023 FHA Fall Roundtable
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Private Credit Finance 101: A Commercial/Multifamily Overview of Debt Funds and Their Importance in the Capital Stack
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mPowering You: MBA's Summit For Women in Real Estate Finance
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Commercial/Multifamily: Overview of Commercial Insurance Compliance 2023
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Commercial Real Estate Basics: Introduction to Commercial/Multifamily Real Estate: November 2023: On Demand
Related Resources
- MBA Summary of GSE Multifamily Caps and Affordable Housing Goals
- Senior Preferred Stock Purchase Agreements | Federal Housing Finance Agency (fhfa.gov)
- FHFA Strategic Plan: Fiscal Years 2022 - 2026 | Federal Housing Finance Agency
- 2022 Scorecard for Fannie Mae, Freddie Mac, and Common Securitization Solutions - November 2021 (fhfa.gov)