FHFA Proposes Rule On Underserved Markets

Underserved Markets Plan 3-Year Activities and Objectives.. Housing Finance Agency (FHFA) under the Duty to Serve rule, we have now been asked to.. public comments on Freddie Mac's and Fannie Mae's Proposed Duty to Serve plans.

which will promote liquidity and efficiency in the secondary mortgage market," Joseph Otting, the FHFA’s acting director, said in a statement. The final rule takes into account feedback the agency.

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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.

 · On December 15, 2015, the Federal Housing Finance Agency issued a proposed rule that would require Fannie Mae and Freddie Mac to provide specific services relating to manufactured housing, affordable housing preservation and rural markets. The proposed rule would also require Fannie Mae and Freddie Mac to address financing concerns in very low.

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The FHFA says the proposed minimum financial requirements are designed to ensure the safe and sound operation of the GSEs and to further FHFA’s goal of fostering liquid, efficient, competitive and.

 · In addition, section 1335(d)(1) requires FHFA to establish a method for crediting the GSEs compliance with the Duty to Serve underserved markets. On December 15, 2015, FHFA issued a proposed rule to implement HERA’s Duty to Serve requirements. As required by HERA, the proposed rule would have provided Duty to Serve credit for GSE activities.

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.

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 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.