FHFA Proposes Rule On Underserved Markets
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Pursuant to the same new rule, FHFA has also published a Proposed Evaluation Guidance to provide: (i) FHFA’s expectations regarding the development of the Underserved Markets Plans, and (ii) the process by which FHFA will evaluate Fannie’s and Freddie’s achievements under their Plans each year. The deadline for public input on FHFA’s.
· The Federal Housing Finance Agency (FHFA) today announced it is seeking comments on a proposed rule to require Fannie Mae and Freddie Mac to serve three specified underserved markets: manufactured housing, affordable housing preservation and rural markets.. The proposed rule would require Fannie Mae and Freddie Mac to reach out to these communities that have traditionally been underserved.
FHFA Issues Proposed Rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets Washington, D.C. – 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.
BILLING CODE: 8070-01-P . FEDERAL HOUSING FINANCE AGENCY . 12 CFR Part 1282 . RIN 2590-AA27 . Enterprise Duty to Serve Underserved Markets . AGENCY: Federal Housing Finance Agency
Fannie Mae and Freddie Mac must starting implementing their Duty to Serve Underserved Markets plans. Back at the end of 2016, the Federal Housing Finance Agency issued a final rule to implement the.
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FHFA Proposes Rule to Increase Lending to Underserved Markets Dec 15 2015, 2:57PM The Federal Housing Finance Agency (FHFA) has posted a proposed new rule for comment that seeks to provide greater.
FHFA Announces Proposed Rule on Fannie and Freddie’s Duty to Serve 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."
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The proposed rule would also establish a method for evaluating and rating the enterprises’ performance in each underserved market for 2010 and subsequent years. In its proposal, the FHFA described.
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.