FHFA Proposes Rule On Underserved Markets

(NLIHC) on the Federal Housing Finance Agency’s (FHFA) proposed Duty to Serve (DTS) rule published on December 18, 2015 in the Federal Register. The proposed rule would implement Fannie Mae and Freddie Mac’s (collectively the Enterprises) duty to serve very low-, low- and moderate-income households in underserved markets.

The proposed rule, according to the press release, 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 FHFA an Underserved Market Plan covering a three-year period, subject to public review and comment.

– 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. This statute requires Fannie Mae and Freddie Mac (the Enterprises) to serve three specified underserved markets: manufactured housing, affordable housing preservation and rural markets.

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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 areas.

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Federal Housing Finance Agency’s (FHFA’s) proposed Rule on the Duty to Serve Underserved Markets for Enterprises; Proposed Rule. 12 cfr part 1282, RIN 2590-AA27. The Housing and Economic Recovery Act of 2008 mandates that Fannie Mae and Freddie Mac have a "Duty to Serve" three traditionally underserved markets of: Rural Housing,

The proposed rule would establish a method for evaluating and rating the Enterprises’ compliance with the Duty to Serve each underserved market. The Proposed Rule was released to the public via agency website on December 15, 2015. Thank you for your submission to FHFA.

In response to changing conditions in the condominium market, the Federal Housing Administration (FHA) today proposed new rules that would allow individual condo units to become eligible for FHA.

As technology begins to play a more important role in the housing market, the U.S. Department. credit and other services to otherwise underserved communities." The agency, therefore, proposed under.

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