· Qualifying activities that promote residential economic diversity in one or more underserved markets would also receive Duty to Serve credit. fhfa invites interested parties to submit comments on all aspects of the proposed rule within 90 days of publication in the Federal Register via FHFA.gov. (The proposed rule was published on 12/18/2015.
FHFA Proposes Rule on Fannie Mae and Freddie Mac Requirements for Underserved Markets . Washington, DC – The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a proposed rule implementing provisions of the Housing and Economic Recovery Act of 2008 (HERA) that establish a duty for Fannie Mae and Freddie Mac (the Enterprises) to
The proposed rule did not include chattel lending as an eligible activity under the manufactured housing market, thereby leaving out seventy percent of the market. FHFA merely requested comment on whether the Enterprises should receive Duty to Serve credit for purchasing chattel loans, either on a pilot or an ongoing basis.
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FHFA Proposes Rule On Underserved Markets. By. Orb Staff-. affordable housing preservation and rural markets. The proposed rule, implementing HERA’s pre-conservatorship provisions, would require the government-sponsored enterprises (GSEs) to take actions to increase the liquidity of mortgage.
The Federal Housing Finance Agency (fhfa) earlier today published Fannie Mae’s modified Underserved Market Plan for 2018-2020. Fannie Mae pledges in the new plan to substantially increase its Housing Credit equity investments for properties located in rural areas over the three-year period.
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· For each underserved market segment, the rule outlines a number of activities the GSEs may support to fulfill their Duty-to-Serve obligations. As part of FHFA’s implementation and oversight of the Duty-to-Serve Rule, each GSE is required to draft an Underserved Markets.
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FHFA Issues Proposed Rule on Fannie Mae and Freddie Mac Duty to. to serve three specified underserved markets: manufactured housing,
Enterprise Duty to Serve underserved markets final Rule. is: Federal Housing Finance Agency, 400 7th Street, SW., Washington, DC 20219.
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.
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