FHFA Proposes Rule On Underserved Markets

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On Dec. 10, 2015, the federal housing finance Agency (FHFA) proposed a rule outlining the obligation that Fannie Mae and Freddie Mac serve three traditionally underserved markets: affordable rental housing preservation, rural housing and manufactured housing.Collectively, this obligation is known as the "Duty to Serve."

The Federal Housing Finance Agency issued a final rule to implement the Duty to Serve provisions which require Fannie Mae and Freddie Mac to serve three specified underserved markets – manufactured housing, affordable housing preservation and rural housing – by improving the distribution and availability of mortgage financing in a safe and sound manner for residential properties that serve.

The Federal Housing Finance. multifamily market share will continue to decline in the coming years as the private sector becomes more involved in the multifamily market. fhfa is requesting comment.

FHFA Proposes Rule On Underserved Markets. By.. 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 investments.

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The Federal Housing. a final rule amending its regulation on Federal Home Loan Bank (FHLBank) membership by financial institutions. The updated rule follows more than 1,300 comment letters received.

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.

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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.

Share This Page FHFA Issues Proposed Rule to Serve Underserved Markets December 16, 2015 / Source: Federal Housing Finance Agency The Federal Housing Finance Agency (FHFA) proposed a rule to implement the Duty to Serve provisions of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008.

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.