FHFA Proposes Rule On Underserved Markets

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Public input on the proposed Plan can be provided through July 10, 2017 on FHFA’s DTS draft underserved markets plans input page. "We are excited that the Duty to Serve rule aligns with our mission.

Home reports come next week, with FHFA House Price Index and existing. The companies also want to relax rules that prevent.

Tens of thousands of poor children – all of them American citizens or legal residents – could lose their housing under a new rule proposed Friday by the. in the country illegally from receiving.

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The proposed rule would also establish a method for evaluating and rating the enterprises’ performance in each underserved market for 2010 and subsequent years. In its proposal, the FHFA described the.

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Implementing zoning reform by requiring cities to eliminate restrictive zoning rules to qualify for federal loan. They.

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

 · On December 15, 2015, the Federal Housing Finance Agency issued a proposed rule that would require Fannie Mae and Freddie Mac to provide specific services relating to manufactured housing, affordable housing preservation and rural markets. The proposed rule would also require Fannie Mae and Freddie Mac to address financing concerns in very low.

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The proposed rule did not include chattel lending as an eligible activity under the manufactured housing market, thereby leaving out seventy percent of the market. FHFA merely requested comment on whether the Enterprises should receive Duty to Serve credit for purchasing chattel loans, either on a pilot or an ongoing basis.

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.

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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