FHFA Proposes Rule On Underserved Markets

deral Housing Finance Agency (FHFA) has sent to the Federal Register a [link=http://www.fhfa.gov/webfiles/15804/DutytoServeNPR6110.pdf]proposed rule[/link] implementing provisions of the Housing and Economic Recovery Act of 2008 (HERA) that establish a duty for Fannie Mae and Freddie Mac to serve very low-, low- and moderate-income families in three specified underserved markets – manufactured housing, affordable housing preservation [.]

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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.

BILLING CODE: 8070-01-P . FEDERAL HOUSING FINANCE AGENCY . 12 CFR Part 1282 . RIN 2590-AA27 . Enterprise Duty to Serve Underserved Markets . AGENCY: Federal Housing Finance Agency

“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.

The proposed rule would also establish a method for evaluating and rating the enterprises’ performance in each underserved market for 2010 and subsequent years. In its proposal, the FHFA described.

The proposed rule would provide Duty to Serve credit for eligible enterprise activities that facilitate a secondary market for mortgages on residential properties in the specified underserved markets. It would also establish a method for evaluating and rating the Enterprises’ performance each year, on which FHFA would report annually to Congress.

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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 · Washington, D.C. – The Federal Housing Finance Agency (FHFA) is seeking comments on a proposed rule to implement the Duty to Serve provisions of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended.

The proposed rule would establish a method for evaluating and rating the Enterprises’ compliance with the Duty to Serve each underserved market. The Proposed Rule was released to the public via agency website on December 15, 2015. Thank you for your submission to FHFA.

Calabria’s comments here largely mirror the Moelis plan, and so too does FHFA’s proposed capital rule. Regarding the lawsuits filed. it advocates repealing the charters that give them their market.

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