FHFA Proposes Rule On Underserved Markets

The Markets Noteworthy. On July 2, 2019, the Federal Housing Finance Agency published Fannie Mae’s modified Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plan, originally published Dec. 18, 2017 became effective Jan. 1, 2018. fannie mae adopted a three-year Underserved Markets Plan.

families in those markets. The federal housing finance agency (fhfa) is issuing and seeking comments on a proposed rule that would establish a method for evaluating and rating the Enterprises’ performance in each underserved market for 2010 and each subsequent year. In addition, the proposed rule would set forth Enterprise

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 Underserved Markets. By. Orb Staff-. 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.

Share This Page FHFA Issues Proposed Rule to Serve Underserved Markets December 16, 2015 / Source: Federal Housing Finance Agency The Federal Housing Finance Agency (FHFA) proposed a 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.

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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.

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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By: Cindy Daley. Published: December 21, 2015. The agency that oversees Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA), has issued a proposed rule concerning Fannie’s and Freddie’s obligations to serve underserved markets, specifically manufactured housing, preservation of affordable housing, and rural housing.