FHFA, HUD clarify Freddie Mac’s group home policies

The Federal Housing Finance Agency and the U.S. Department of Housing and Urban Development (HUD) made clarifications to Freddie Mac’s policies on purchase mortgages secured by a property owned by an individual and rented to a group home for persons with disabilities.

The clarification was in response to a HUD investigation, where a mortgage lender refused to lend to a property owner who was renting to a company operating a group home.

Read on for more details.