The bulk of the report focuses on Fannie Mae's and Freddie Mac's performance under their 2015-2017 Affordable Housing Goals. It finds that, while each firm met its affordable multifamily goals in 2015, they did not meet all of their single-family goals. Specifically, they did not meet the goal requiring that at least 24 percent of the single-family loans purchased by Fannie Mae and Freddie Mac each year be made to low-income consumers (those making 80 percent or less of area median income, or AMI). According to FHFA, such loans accounted for 23.5 percent of Fannie Mae's loan purchases, and 22.3 percent of Freddie Mac's loan purchases. Both firms also failed to meet the goal requiring that at least 6 percent of Fannie Mae's and Freddie Mac's single-family loan purchases be loans for very low-income consumers (those at 50 percent or less of AMI). The report states that such loans accounted for 5.6 percent of Fannie Mae's loan purchases and 5.4 percent of Freddie Mac's loan purchases.
The race for chairman of the National Republican Congressional Committee will be between Texas Rep. Roger Williams and Ohio Rep. Steve Stivers. While much speculation over House leadership changes in the 115th Congress is focused on a contentious speaker’s election that may never materialize, a long series of intraparty leadership, committee and caucus races guarantee significant turnover in top House posts next year. Retirements, term limits and lawmakers departing for other jobs mean that at least 17 prominent roles, and likely more, will change hands. Elections to determine those new influencers are set to begin during the lame-duck session that opens the week after Election Day.