How This Impacts Mobility
The transfer of an employee may involve the sale or purchase of a home. For mortgage lenders, Fannie Mae and Freddie Mac’s mechanisms help to generate more loans, which often help individuals, families and investors gain access to a supply of stable mortgage money. Should they exit government conservatorship, there would likely be changes that could include increased fees.
While there are much fewer relocations occurring right now, Fannie Mae and Freddie Mac’s flexible practice updates will be helpful to workforce mobility employers and professionals during COVID-19, especially for transferees who are not local to the place they are moving.
Worldwide ERC® will provide any additional updates to Fannie Mae and Freddie Mac’s proposed exit of government conservatorship, as well as updates to their COVID-related flexibility policies. For any questions regarding these issues, please reach out to Vice President, Member Engagement and Public Policy Rebecca Peters, email@example.com.