FHFA Proposes Rule On Underserved Markets

The federal housing finance agency (FHFA) today published Fannie Mae and Freddie Mac’s (the Enterprises) modified Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plans, originally published Dec. 18, 2017 became effective Jan. 1, 2018.

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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

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 · The Federal Housing Finance Agency (FHFA) is seeking comments on a proposed rule to implement the Duty to Serve provisions of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008 (HERA). This statute requires Fannie Mae and Freddie Mac to serve three specified underserved markets:.

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.

FHFA Proposes Rule on Fannie Mae and Freddie Mac Requirements for Underserved Markets . Washington, DC – The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a proposed rule implementing provisions of the Housing and Economic Recovery Act of 2008 (HERA) that establish a duty for Fannie Mae and Freddie Mac (the Enterprises) to

NCSHA recently submitted a letter to the Federal Housing Finance Agency (FHFA) commenting on its proposed enterprise duty to Serve Underserved Markets rule.FHFA’s proposal, which was released in December, would require the Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to develop and implement plans to serve lower income families through activities related to manufactured.

Serve Underserved Markets. The final rule becomes effective 30 days after publication in the Federal Register. FHFA received 1,567 comments on the proposed rule, which was issued December 15, 2015. FHFA previously issued an Advance Notice of Proposed Rulemaking in 2009 and a Notice of Proposed Rulemaking in 2010 but did not complete the.

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 · The Federal Housing Finance Agency (FHFA) released on January 14 its final rule detailing Fannie Mae and Freddie Mac’s "duty-to-serve" underserved markets as required by the “Housing and Economic Recovery Act of 2008.” Under the rule, the government sponsored enterprises (GSEs or Enterprises) would be required to serve three specific underserved markets: manufactured.