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
Advocacy
Aug 07, 2026
Key Codes Bill Clears Senate Panel
On Aug. 6, the Senate Committee on Homeland Security and Governmental Affairs advanced the NAHB-supported Promoting Resilient Buildings Act, legislation that would help communities maintain local control over building code adoption while encouraging stronger preparation for and recovery from extreme events.
Advocacy
Aug 07, 2026
NAHB’s Monthly Update Features Tariff and Economic Updates
Stay informed on the issues shaping the residential construction industry by reviewing the monthly update talking points. The latest edition features messages related to tariffs and the economy.
Latest Economic News
Economics
Aug 07, 2026
U.S. Labor Market Softens in July
The U.S. labor market weakened in July, with nonfarm payrolls down 23,000 and downward revisions cutting another 103,000 jobs from May and June.
Economics
Aug 06, 2026
Multifamily Developer Confidence Weakens in Second Quarter
Confidence in the market for new multifamily housing weakened year-over-year in the second quarter, according to the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The MMS produces two separate indices.
Economics
Aug 06, 2026
Mortgage Rates Climb Again as Iran Conflict Re-escalates
Re-escalation of the conflict in Iran pushed mortgage rates higher in July. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 6.54% in July, up 5 basis points (bps) over June. Since the conflict in the Middle East began, the 30-year mortgage rate has climbed by almost 50 bps.