FHFA Proposes Rule On Underserved Markets
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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.
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
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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.
· 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.
26In December 2015, FHFA issued a proposed rule to implement. volume of purchased loans in each underserved market relative to the.
But the rule. director of the Federal Housing Finance Agency, Fannie and Freddie’s regulator. As it stands, the QM patch.
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.
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.
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Fannie, Freddie release official strategy to serve underserved markets FHFA requests public input on proposed 3-year plans May 8, 2017 Kelsey Ramírez 1 Comment Monday, the Federal housing finance agency requested public input on the GSE’s new proposed Underserved Markets Plans under the Duty to Serve program.