Federal Housing Finance Agency, the U.S. regulator that oversees Fannie Mae and Freddie Mac, recently announced their plans to discontinue a controversial program that subsidized loans for firms that invest in single-family rental properties.
Lawmakers and advocacy groups that criticized the program when launched are now applauding the plan to cancel the pilot program.
Here is a list of multiple sources reporting details on the announcement:
- Fannie Mae and Freddie Mac to Conclude Single-Family Rental Pilot Programs:
- National Association of Realtors® Commends FHFA Decision to Abandon Single Family Rental Program:
- Fannie Mae, Freddie Mac ending expansion into single-family rentals:
- Fannie-Freddie Overseer Scraps Program for Rental-Home Investors
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