FHFA just released 2021 Invest in Caps for Fannie & Freddie. Some fascinating modifications from this previous yr:
– $70B for each and every (down from $80B each in 2020)
– 50% of Cap need to be Mission Pushed (up from 37.5% in 2020)
– 2021 Cap Construction is on a 4-quarter system, not the 5-quarter process from 2014 – 2019. This equates to $1/2B a lot more/thirty day period in **capped** mortgage purchases.
[Link to article](https://www.fhfa.gov/Media/PublicAffairs/Internet pages/FHFA-Announces-2021-MF-Loan-Purchase-Caps-for-Fannie-and-Freddie.aspx)