[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-186420-en":3,"doc-seo-186420-105":30,"detail-sidebar-cat-0-en-105":91},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":27,"seo_description":14,"update_tm":28,"read_time":29},186420,5909877438554,"Maeve","https://ap-avatar.wpscdn.com/avatar/5600025385ad2bf12a7?_k=1778553567797529272",8,"Research & Report","UMMC Scorecard - Housing Finance Policy Targets","UMMC scorecard details proposed and revised 2024 targets for Fannie Mae and Freddie Mac across manufactured housing, rural programs, multifamily affordable housing preservation, and single-family affordable housing preservation. It contrasts original versus updated goals, highlights differences in acquisition and refinancing approaches, and evaluates whether final DTS plans meaningfully preserve affordability. The document addresses barriers such as risk in chattel lending, uncertainty in flexible CDFI products, and the extent of target increases by each enterprise.","| Objective | Fannie Mae Original Proposed Plan (2024 Targets) | Freddie Mac Original Proposed Plan (2024 Targets) | Fannie Mae Revised Plan (2024 Targets) | Freddie Mac Revised Plan (2024 Targets) | Impact of Final DTS plans |\n| --- | --- | --- | --- | --- | --- |\n| Manufactu | red Housing |  |  |  |  |\n| Mortgage loans for manufactured\u003Cbr>housing real property | 9 ,500 unit loans\u003Cbr>UMMC Recommendation:\u003Cbr>20,675 loans | 4 ,500-5 ,500 unit loans\u003Cbr>UMMC Recommendation:\u003Cbr>15,589 loans | \u003Cbr>Projected:\u003Cbr>9,500 unit loans. | \u003Cbr>Projected:\u003Cbr>6,300 – 7,500 unit loans. | Neither Fannie Mae nor Freddie Mac is substantially increasing its commitment to help manufactured housing homeowners obtain real property loans. Fannie Mae’s 2021 target was 12 ,650 loans , and Freddie Mac’s 2021 target was 8 ,200 loans. Fannie Mae will only acquire purchase money mortgages ( PMMs) . Freddie Mac will acquire PMMs and refinance loans. Both Enterprises’ targets for 2024 are below their volume of loan purchases in 2021. |\n| Mortgage loans for manufactured housing personal property | \u003Cbr>UMMC Recommendation:\u003Cbr>✔ | \u003Cbr>UMMC Recommendation:\u003Cbr>✔ | | | Fannie Mae cites risk as a barrier to establishing a chattel loan pilot program. However , Freddie Mac will purchase 1 ,500- 2 ,500 chattel loans and set a foundation for serving this hard-to-reach market. We encourage Fannie Mae to reconsider investing in loan purchases in the chattel market. |\n\n\n| Objective | Fannie Mae Original Proposed Plan (2024 Targets) | Freddie Mac Original Proposed Plan (2024 Targets) | Fannie Mae Revised Plan (2024 Targets) | Freddie Mac Revised Plan (2024 Targets) | Impact of Final DTS plans |\n| --- | --- | --- | --- | --- | --- |\n| Rural Housi | ng |  |  |  |  |\n| Section 515 property investment | 13 loans\u003Cbr>UMMC Recommendation:\u003Cbr>13 loans | 1 transaction\u003Cbr>UMMC Recommendation:\u003Cbr>13 loans | \u003Cbr>Projected:\u003Cbr>13 loans | \u003Cbr>Projected:\u003Cbr>4 transactions | The USDA anticipates 183 Section 515 properties will exit the program between 2022- 2024. Fannie Mae’s significant loan purchase will substantially preserve affordability for rural renters. Freddie Mac’s lower targets will do much less to mitigate the loss of affordable housing. |\n| Flexible loan products (CDFI preferred\u003Cbr>product) to serve LMI borrowers in High Needs Rural Regions ( HNRR) | \u003Cbr>UMMC Recommendation:\u003Cbr>✔ | \u003Cbr>UMMC Recommendation:\u003Cbr>✔ | | | Both Fannie Mae and Freddie Mac will conduct research with CDFIs in HNRRs to improve servicing. Freddie Mac takes it one step further with a pledge to introduce product enhancements and tailored solutions for CDFIs. Freddie Mac's initial proposal is to utilize negotiated terms of business with individual CDFIs in HNRRs to introduce new products. While a welcome commitment , the form of these offerings remains ambiguous. Freddie Mac must provide a flexible product that allows for income , credit and CLTV exceptions. |\n| Multifamily | Affordable H | ousing Prese | rvation |  |  |\n| Aggregate loan purchases of multifamily properties with expiring use restrictions | \u003Cbr>UMMC Recommendation:\u003Cbr>Target 10% higher than aggregate target for AHP activities | \u003Cbr>UMMC Recommendation:\u003Cbr>Target 10% higher than aggregate target for AHP activities | | | Fannie Mae and Freddie Mac both plan to modestly increase loan purchases on properties with expiring use restrictions. Freddie Mac increased its targets in every multifamily AHP category while Fannie Mae only increased their LI HTC and Section 8 loan targets. Neither Enterprise adopted our recommendation to set a target at least 10% higher than the sum of the individual AHP activity targets. |\n\n\n| Objective | Fannie Mae Original Proposed Plan (2024 Targets) | Freddie Mac Original Proposed Plan (2024 Targets) | Fannie Mae Revised Plan (2024 Targets) | Freddie Mac Revised Plan (2024 Targets) | Impact of Final DTS plans |\n| --- | --- | --- | --- | --- | --- |\n| Single Fam | ily Affordable | Housing Pre | servation |  |  |\n| Loan\u003Cb","cbCaigtylAYCnR29","https://ap.wps.com/l/cbCaigtylAYCnR29","pdf",471455,1,4,"English","en",105,"# Objectives and 2024 Targets Comparison\n## Manufactured Housing Real Property and Personal Property\n## Rural Housing Programs (Section 515, Flexible CDFI Products)\n## Multifamily Affordable Housing Preservation (Expiring Use Restrictions)\n## Single-Family Affordable Housing Preservation (Energy Burdened Areas, Shared Equity Homes)","[{\"question\":\"What is evaluated in the UMMC scorecard for 2024 plans?\",\"answer\":\"It compares original proposed versus revised 2024 targets for Fannie Mae and Freddie Mac across multiple affordable housing categories and assesses the impact of final DTS plans on affordability outcomes.\"},{\"question\":\"How do the enterprises differ for manufactured housing loans (real vs. personal property)?\",\"answer\":\"For manufactured housing real property, the document states neither enterprise substantially increases commitment versus earlier targets, with Fannie Mae acquiring purchase money mortgages and Freddie Mac acquiring purchase money mortgages and refinancing loans. For personal property (chattel loans), risk is cited for Fannie Mae’s pilot, while Freddie Mac plans to purchase chattel loans and build capacity for the market.\"},{\"question\":\"What guidance does the scorecard emphasize for rural and flexible loan products?\",\"answer\":\"Both enterprises plan research with CDFIs in high needs rural regions to improve servicing. Freddie Mac goes further with product enhancement and tailored solutions, but the document notes the form of offerings remains ambiguous and calls for flexibility to allow income, credit, and CLTV exceptions.\"}]","UMMC Scorecard - Housing Finance Policy Targets | PDF",1788374040,10,{"code":4,"msg":31,"data":32},"ok",{"site_id":24,"language":23,"slug":33,"title":13,"keywords":34,"description":14,"schema_data":35,"social_meta":86,"head_meta":88,"extra_data":90,"updated_unix":28},"ummc-scorecard-housing-finance-policy-targets","",{"@graph":36,"@context":85},[37,53,68],{"@type":38,"itemListElement":39},"BreadcrumbList",[40,44,48,51],{"item":41,"name":42,"@type":43,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":45,"name":46,"@type":43,"position":47},"https://docshare.wps.com/document/","Document",2,{"item":49,"name":12,"@type":43,"position":50},"https://docshare.wps.com/document/research-report/",3,{"item":52,"name":13,"@type":43,"position":21},"https://docshare.wps.com/document/ummc-scorecard-housing-finance-policy-targets/186420/",{"url":52,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":41,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-09-04","2026-09-02",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71,77,81],{"name":72,"@type":73,"acceptedAnswer":74},"What is evaluated in the UMMC scorecard for 2024 plans?","Question",{"text":75,"@type":76},"It compares original proposed versus revised 2024 targets for Fannie Mae and Freddie Mac across multiple affordable housing categories and assesses the impact of final DTS plans on affordability outcomes.","Answer",{"name":78,"@type":73,"acceptedAnswer":79},"How do the enterprises differ for manufactured housing loans (real vs. personal property)?",{"text":80,"@type":76},"For manufactured housing real property, the document states neither enterprise substantially increases commitment versus earlier targets, with Fannie Mae acquiring purchase money mortgages and Freddie Mac acquiring purchase money mortgages and refinancing loans. For personal property (chattel loans), risk is cited for Fannie Mae’s pilot, while Freddie Mac plans to purchase chattel loans and build capacity for the market.",{"name":82,"@type":73,"acceptedAnswer":83},"What guidance does the scorecard emphasize for rural and flexible loan products?",{"text":84,"@type":76},"Both enterprises plan research with CDFIs in high needs rural regions to improve servicing. Freddie Mac goes further with product enhancement and tailored solutions, but the document notes the form of offerings remains ambiguous and calls for flexibility to allow income, credit, and CLTV exceptions.","https://schema.org",{"og:url":52,"og:type":87,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":89,"canonical":52},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":92},[93,97,101,105,110,115,120,123,128,131,134],{"id":20,"doc_module":4,"doc_module_name":46,"category_name":94,"show_sort_weight":95,"slug":96},"Story & Novel",90,"story-novel",{"id":47,"doc_module":4,"doc_module_name":46,"category_name":98,"show_sort_weight":99,"slug":100},"Literature",80,"literature",{"id":21,"doc_module":4,"doc_module_name":46,"category_name":102,"show_sort_weight":103,"slug":104},"Exam",70,"exam",{"id":106,"doc_module":4,"doc_module_name":46,"category_name":107,"show_sort_weight":108,"slug":109},5,"Comic",60,"comic",{"id":111,"doc_module":4,"doc_module_name":46,"category_name":112,"show_sort_weight":113,"slug":114},6,"Technology",50,"technology",{"id":116,"doc_module":4,"doc_module_name":46,"category_name":117,"show_sort_weight":118,"slug":119},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":46,"category_name":12,"show_sort_weight":121,"slug":122},30,"research-report",{"id":124,"doc_module":4,"doc_module_name":46,"category_name":125,"show_sort_weight":126,"slug":127},9,"Religion & Spirituality",20,"religion-spirituality",{"id":126,"doc_module":4,"doc_module_name":46,"category_name":129,"show_sort_weight":126,"slug":130},"World Cup","world-cup",{"id":29,"doc_module":4,"doc_module_name":46,"category_name":132,"show_sort_weight":29,"slug":133},"Lifestyle","lifestyle",{"id":135,"doc_module":4,"doc_module_name":46,"category_name":136,"show_sort_weight":106,"slug":137},19,"General","general"]