FHFA Proposes Rule On Underserved Markets

Quarter after quarter, the companies remitted their funds to Treasury, as the zero hour loomed larger, even as regulators and housing industry participants protested that such a situation was.

“I strongly encourage stakeholders to submit feedback on Fannie Mae and Freddie Mac’s proposed duty to serve underserved markets plans. sound manner.” The FHFA, which oversees Fannie and Freddie,

Fannie Mae adopted a three-year Underserved Markets Plan.. the Duty to Serve rule and FHFA's Evaluation Guidance, an Enterprise may propose to modify its.

“The HOME Act would retain longstanding fhlb members who joined prior to the FHFA proposed rule and reinstate newer members that. System act as a stabilizing force in the housing finance market and.

Each Enterprise adopted a three-year Underserved Markets Plan.. to Serve rule and FHFA's Evaluation Guidance, an Enterprise may propose.

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

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FHFA Proposes Rule on GSEs’ Duty to Serve Low Income Markets on December 15, 2015 Mortgage , Newsbytes The Federal Housing Finance Agency today proposed a rule that would require Fannie Mae and Freddie Mac to submit plans for improving the distribution and availability of safe and sound residential mortgage financing in underserved markets.

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.

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Performance and Accountability Report This annual report describes FHFA’s accomplishments, as well as challenges, the agency faced in meeting the strategic goals and objectives during the past fiscal year.

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