The clarifications follow a HUD investigation of a mortgage lender who had refused to lend to a homeowner that was renting their property to a company operating a group home. 1 update to Freddie Mac’s Seller/Servicer Guide.

These clarifications were included in Freddie Mac’s Sept. This assurance that Freddie Mac will purchase mortgages secured by group homes, where the property is owned by an individual, should encourage lenders in extending credit for such mortgages, thus providing more community-based living opportunities for persons with disabilities, the agencies said. “We appreciate our colleagues at FHFA who share our goal of advancing fair housing and collaborated closely with us and Freddie Mac in helping to clarify these policies.” “Clarifying these policies regarding the eligibility of group homes for the secondary mortgage market is an important step to fulfilling the Fair Housing Act’s promise of providing individuals with disabilities equal access to housing opportunities,” HUD Secretary Marcia Fudge said in a release. The Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA) have clarified Freddie Mac’s policies to make clear it will purchase mortgages secured by a property owned by an individual and rented to a group home for persons with disabilities.