Washington Report

Advocacy Updates from Washington D.C.

NAR Comments on Potential Changes to the FHFA's Housing Goals

NAR submitted comments to the FHFA in response to its advanced notice of proposed rule making (ANPR) which sought feedback on potential changes to the construct of the GSEs' housing goals.

In our response, NAR highlight that:

  • The FHFA should not limit the types of mortgages that qualify for housing goals beyond their required compliance with the QM (rebuttable or safe harbor) exemption to the ability to repay rule, and
  • The FHFA should update the measures it uses to evaluate the housing goals with screens for mortgages that may qualify under the current measures, but don't meet the spirit or intent of the goals.

Read NAR's Comments to the FHFA