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: Manufactured housing.
deral Housing Finance Agency (FHFA) has sent to the Federal Register a [link=http://www.fhfa.gov/webfiles/15804/DutytoServeNPR6110.pdf]proposed rule[/link] implementing provisions of the Housing and Economic Recovery Act of 2008 (HERA) that establish a duty for Fannie Mae and Freddie Mac to serve very low-, low- and moderate-income families in three specified underserved markets – manufactured housing, affordable housing preservation [.]
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."
The proposed rule creates certain eligible activities that would earn Duty to Serve credits. Under the proposed rule, Fannie Mae and Freddie Mac would be required to submit to the FHFA an Underserved market plan covering a three-year period, subject to public review and comment.
FHFA Proposes Rule On Underserved Markets. By.. affordable housing preservation and rural markets. The proposed rule, implementing HERA’s pre-conservatorship provisions, would require the government-sponsored enterprises (GSEs) to take actions to increase the liquidity of mortgage investments.
On Monday, Fannie Mae and Freddie Mac released their proposed Duty to Serve (DTS. Freddie Mac’s plan, as well as Fannie Mae’s DTS Underserved Markets Plan, have been submitted to the FHFA for.
The Federal Housing Finance Agency (FHFA) has announced that it is requesting public input as part of the Agency’s consideration of proposed modifications to Fannie Mae and Freddie Mac’s (the Enterprises) 2018-2020 Underserved Markets Plans under the Duty to Serve program. FHFA requests public input on the proposed modifications to the 2018-2020 Underserved Markets Plan by November 15, 2019 via the dedicated Duty to Serve page on FHFA’s website at www.FHFA.gov/DTS or via mail to FHFA.
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Enterprise Duty to Serve Underserved Markets. Federal Housing Finance Agency, Fourth Floor, 1700 G Street, NW., Washington, DC 20552.. In addition, the proposed rule would set forth Enterprise transactions and.
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