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FHFA Proposes Rule On 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.

The Federal Housing Finance Agency (FHFA) recently issued a proposed rule on a method for evaluating and rating Fannie Mae and Freddie Mac’s compliance with the "duty to serve" underserved markets, including manufactured housing, affordable housing preservation and rural housing.

the members of the LIHTC Working Group, we respectfully submit our comments on the Federal Housing Finance Agency (FHFA) Proposed Rule on Enterprises Duty to Serve Underserved Markets (Proposed Rule). This proposed regulation implements the duty for the Federal national mortgage association (Fannie Mae) and Federal home loan mortgage.

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FHFA will consider this guidance when evaluating the Enterprise’s plan and performance of its duty to serve underserved markets. 2. Underserved Markets Plan-Proposed 1282.35. FHFA proposes that each Enterprise provide an underserved markets plan against which the Enterprise would be evaluated and rated.

The final rule does not mandate any particular activities, but requires the Enterprises to consider ways to better serve families in the three underserved markets. underserved markets plans Process Under the final rule, Fannie Mae and Freddie Mac will each submit to FHFA a three-year underserved markets Plan that describes the activities and.

Contact FHFA and Congress Immediately to Request Modification of the Enterprise Duty to Serve Underserved Markets Proposed Rule (Action Needed by July 22, 2010) On June 7, FHFA released a proposed rule (Enterprise Duty to Serve Underserved Markets; 75 FR 32099) that excludes personal property lending in the GSE duty to serve the manufactured.

The Federal Housing Finance Agency (FHFA) is issuing and seeking comments on a proposed rule that would provide Duty to Serve credit for eligible Enterprise activities that facilitate a secondary market for mortgages related to: Manufactured homes titled as real property; blanket loans for certain categories of manufactured housing communities.

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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.