FHFA Proposes Rule On Underserved Markets

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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 December 15, the Federal Housing Finance Agency (FHFA) released a proposed rule detailing Fannie Mae and Freddie Mac’s "duty-to-serve" underserved markets as required by the “Housing and Economic Recovery Act of 2008.” The proposed rule comes five years after the agency last attempted to issue a duty-to-serve rule outlining the two government sponsored enterprises’.

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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.

Earlier today the Federal Housing Finance Agency (FHFA) released its proposed "Duty to Serve" rule, which would require the Government-Sponsored Enterprises (GSEs) Fannie Mae and Freddie Mac to support housing for lower income families in three underserved segments of the housing finance market: manufactured housing, affordable housing preservation, and homeownership opportunities in rural.

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

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.

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The Federal Housing Finance Agency (FHFA) has posted a proposed new rule for comment that seeks to provide greater access to affordable housing for three underserved markets. The rule would require.

serve housing needs of low to moderate income families in underserved markets. Over the past few years, the Federal Housing Finance agency (fhfa) proposed regulatory action to implement the Duty To serve (dts) statutory requirements and received over 1,500 comments on its 2015 proposed rule.

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