FHFA Proposes Rule On Underserved Markets

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to serve three specified underserved markets: manufactured housing, affordable housing preservation and rural markets," said the FHFA in a statement. "The proposed rule would require the Enterprises.

Today Enterprise submitted comments to the Federal Housing Finance Agency (FHFA) on its proposed Duty to Serve rule, which requires Fannie Mae and Freddie Mac to support certain segments of the mortgage market that are traditionally underserved by private investors.

FHFA Issues Proposed Rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets. Updated 7/21/16: The FHFA posted a blog titled Update on FHFA’s Proposed Rule on Duty to Serve Underserved Markets. Link to blog Investor Update December 15, 2015

Qualifying activities that promote residential economic diversity in one or more underserved markets would also receive Duty to Serve credit. FHFA invites interested parties to submit comments on all aspects of the proposed rule within 90 days of publication in the Federal Register via FHFA.gov. (The proposed rule was published on 12/18/2015.

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their mission of supporting a stable and liquid national market for residential mortgage financing continues. The FHFA requested interested parties are invited to submit comments on the proposed rule.

In addition, section 1335(d)(1) requires FHFA to establish a method for crediting the GSEs compliance with the Duty to Serve underserved markets. On December 15, 2015, FHFA issued a proposed rule to implement HERA’s Duty to Serve requirements. As required by HERA, the proposed rule would have provided Duty to Serve credit for GSE activities.

WASHINGTON, DC-The Federal Housing. markets, following a multi-year, and likely frustrating, path for the industry. (The FHFA issued an Advance Notice of Proposed Rulemaking in 2009, a Notice of.

Updated: December 18, 2017. FHFA Publishes Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Market Plans. The Federal Housing Finance Agency (FHFA) has published Fannie Mae’s and Freddie Mac’s Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plans become effective January 1, 2018.

On Dec. 10, 2015, the Federal Housing Finance Agency (FHFA) proposed a rule outlining the obligation that Fannie Mae and Freddie Mac serve three traditionally underserved markets: affordable rental housing preservation, rural housing and manufactured housing.Collectively, this obligation is known as the "Duty to Serve."

FHFA’s proposed Duty to Serve rule has several important elements and is a major improvement from the version of the rule that the agency proposed in 2010. Here are five objectives that the.

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