FHFA Proposes Rule On Underserved Markets

 · A long-awaited proposal from the federal housing finance Agency (FHFA) – called enterprise duty to Serve Underserved Markets – will, if implemented, go a long way toward ensuring a greater supply of affordable mortgages in rural markets. If you care about this issue and have a perspective to offer, it’s important to submit your comments between now and the March 17 deadline.

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."

WASHINGTON, May 8, 2017 /PRNewswire/ — Fannie Mae (OTC Bulletin Board: FNMA) today submitted its Duty to Serve (DTS) Underserved Markets Plan to the Federal Housing Finance Agency. "We are excited.

The 2018-2020 Plans describe specific activities each Enterprise will undertake to fulfill their Duty to Serve obligations in each underserved market. Fannie Mae’s Updated Duty to Serve Plan (7/2019) Freddie Mac’s Updated Duty to Serve Plan (12/2018) Explore Duty to Serve The Markets Noteworthy. On July 2, 2019, the Federal Housing Finance.

 · FHFA’s proposed Duty to Serve rule has several important elements and is a major improvement from the version of the rule that the agency proposed in.

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.

 · 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.” The proposed rule comes five years after the agency last attempted to issue a duty-to-serve rule outlining the two government sponsored enterprises’.

GSEs' footprint in the multifamily market, especially in underserved segments.. In August 2014, the FHFA issued a proposed rule that would set affordable.

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Home reports come next week, with FHFA House Price Index and existing. The companies also want to relax rules that prevent.

Federal Housing Finance Agency: Fannie Mae & Freddie Mac Duty to Serve Underserved Markets. 15-EA-22. NAFCU would like to highlight the following: The Federal Housing Finance Agency (FHFA) issued a proposed rule that would require Fannie Mae and Freddie Mac (the Enterprises) to adopt plans to improve the distribution and