FHFA Proposes Rule On Underserved Markets

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On March 17, the Center for American Progress. proposed Duty to Serve rule. Read the full comment letter here. The “Duty to Serve” rule recently proposed by the Federal Housing Finance Agency, or.

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.

Just this week, the Federal Housing Finance Agency (the regulator for Fannie Mae and Freddie Mac) issued its proposed rule concerning its duty to serve “underserved markets” including manufactured.

HERA transferred responsibility for the housing goals from HUD to FHFA. In light of the deterioration in market conditions in 2009, as explained in detail in the proposed rule, FHFA is proposing to.

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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.

The Federal Housing Finance Agency (FHFA) recently issued a proposed rule on a method for evaluating and rating Fannie Mae and Freddie Mac’s compliance with the "duty to serve" underserved markets, including manufactured housing, affordable housing preservation and rural housing.

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.

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."

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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.