FHFA Announces 3 New Tenant Protection Policy Changes
The Federal Housing Finance Agency (FHFA) today announced three policy changes effective for all new multifamily mortgage loan applications signed on or after Feb. 28, 2025.
At that time, Fannie Mae and Freddie Mac’s loan documents will require borrowers to provide tenants:
- A 30-day notice of rent increases;
- A five-day grace period for late rent; and
- A 30-day notice of the lease term expiration.
These provisions will not apply to existing mortgages or loan documents signed before the effective date in February 2025.
FHFA, along with Fannie Mae and Freddie Mac, are expected to release more details about the implementation of these policies in August. They also announced that they “will continue to evaluate options for codifying additional tenant protections that advance sustainable housing in a manner that reflects the needs of both tenants and housing providers.”
Latest from NAHBNow
Membership
Sep 24, 2026
NAHB Mourns the Passing of Past Chairman Tom Woods
Tom Woods, 2015 NAHB chairman, passed away on Monday, Sept. 21. A Blue Springs, Mo.-based home builder and its former mayor, Woods served as president of Woods Custom Homes.
Economics
Sep 24, 2026
New Home Sales Rise as Affordability Challenges Continue
Sales of newly built single-family homes increased 6.4% in August to a seasonally adjusted annual rate of 684,000, following an upwardly revised July estimate, according to newly released data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales was 2% lower than a year earlier.
Latest Economic News
Economics
Sep 24, 2026
Single-Family Detached Homes Still Dominate Among the 55+ Population
Adults ages 55 and older make up a large and growing share of the U.S. population and play an important role in the U.S. housing market. In 2024, around 103 million Americans were ages 55 or older, ranging from adults still in the labor force to retirees.
Economics
Sep 23, 2026
Number of Bathrooms in New Single-Family Homes in 2025
Single-family homes started construction in 2025 typically had two full bathrooms, according to the U.S. Census Bureau’s Annual Survey of Construction.
Economics
Sep 23, 2026
Q2 2026 Remodeling Market Update: Labor and Nonlabor Input Costs
The remodeling industry is taking on a larger role within the residential construction sector. Structural tailwinds, such as an aging housing stock, the growing trend of aging-in-place among older home owners, and record-high housing wealth, will continue to grow remodeling’s market share further.