FHFA Proposes Rule On Underserved Markets

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.

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 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.

the members of the LIHTC Working Group, we respectfully submit our comments on the Federal Housing Finance Agency (FHFA) Proposed Rule on Enterprises Duty to Serve Underserved Markets (Proposed Rule). This proposed regulation implements the duty for the federal national mortgage association (fannie Mae) and Federal Home Loan Mortgage.

The agency issued a proposed rule in 2010. in traditionally underserved areas. Both of these rulemakings provide FHFA with an opportunity to ensure that Fannie Mae and Freddie Mac are serving a.

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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

The FHFA proposed. published a final rule in 2016 to implement the Duty to Serve provisions mandated by the Housing and Economic Recovery Act of 2008. The statute requires the enterprises to serve.

“The CHLA calls on FHFA to delay finalization of the rule, pending further study about. and moderate income and minority homebuyers and in underserved markets,” the letter states. “The proposed.

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On December 15, 2015, the Federal Housing Finance Administration (FHFA), the GSEs’ regulator, released their long-awaited proposal to implement this directive. Comments are due March 17, 2016. Under the proposed rule, each GSE must create a three-year plan that details how the company will meet each prong of the statutory duty. The plans.