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· By: cindy daley. published: december 21, 2015. The agency that oversees Fannie Mae and Freddie Mac, the Federal Housing Finance Agency (FHFA), has issued a proposed rule concerning Fannie’s and Freddie’s obligations to serve underserved markets, specifically manufactured housing, preservation of affordable housing, and rural housing.
FHFA Issues Proposed Rule on Fannie Mae and Freddie Mac Duty to Serve underserved markets. updated 7/21/16: The FHFA posted a blog titled Update on FHFA’s Proposed Rule on Duty to Serve Underserved Markets. Link to blog Investor Update December 15, 2015
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 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.
Fannie and Freddie may be graded on how well they support underserved markets. Proposed FHFA rule sets forth a plan to evaluate how well GSEs fulfill ‘duty-to-serve’ obligations.
The Federal Housing Finance Agency announced Tuesday that it has sent a proposed rule to the Federal Register implementing provisions of the Housing and Economic Recovery Act of 2008, which.
Under the proposed rule, Fannie Mae and Freddie Mac would be required to submit to the FHFA an Underserved Market Plan covering a three-year period, subject to public review and comment..
Fannie Mae and Freddie Mac may soon be made to offer mortgages for homes in ‘underserved markets.’ A new rule, introduced Tuesday, requires the Federal Housing Finance Agency (FHFA) by federal law.
Fannie Mae and Freddie Mac may soon be made to offer mortgages for homes in ‘underserved markets.’ A new rule, introduced Tuesday, requires the Federal Housing Finance Agency (FHFA) by federal law to.
What Overregulation? How Regulation Will Increase Over the Next Decade · Digital revolution presents banks with more change in 10 years than last 200. All banks, says Michael, are struggling to generate the hoped-for level of shareholder returns. “You do it by [generating] more revenue or reducing costs. Digitisation is a way to reduce [the cost base],” he said.
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.