National Association of Realtors Commends FHFA Decision

National Association of Realtors Commends FHFA Decision

National Association of Realtors Commends FHFA Decision

The FINANCIAL -- The Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs.

National Association of Realtors President Elizabeth Mendenhall, a sixth-generation Realtor from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement commending the FHFA for its decision:

With inventory shortages facing housing markets across the country, the National Association of Realtors has long advocated for the Federal Housing Finance Agency to end its expansion into the single-family rental market and return its focus to promoting a liquid and efficient housing market, as Congress intended. By financing the purchase of thousands of single-family homes for institutional investors to use as rentals, Fannie Mae and Freddie Mac compounded on inventory shortages and affordability concerns, which are holding back prospective homebuyers across the country.