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FHFA’s proposed Duty to Serve rule has several important elements and is a major improvement from the version of the rule that the agency proposed in 2010. Here are five objectives that the.
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On December 18, the Federal Housing Finance Agency (FHFA) issued a proposed rule that would implement the long delayed “Duty to Serve” rules for Fannie Mae and Freddie Mac (the GSEs). The proposal requires them to adopt plans to improve mortgage financing for residential properties that serve very low-, low-, and moderate-income families in three underserved markets: manufactured 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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Background. On December 15, 2015, FHFA issued a proposed rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets.
Delivering mortgage loans to the secondary market through Freddie. Mac can help. in three specific underserved markets: manufac- tured housing. 22 The Duty to Serve regulation allows Fannie Mae and Freddie Mac to request to modify. on the proposed modifications, and the FHFA must provide a “Non- Objection”.
FHFA's proposed Duty to Serve rule has several important elements. Freddie must address in their plans for the rural underserved market.
FHFA Issues Proposed Rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets. Updated 7/21/16: The FHFA posted a blog titled Update on FHFA’s Proposed Rule on Duty to Serve Underserved Markets. Link to blog Investor Update December 15, 2015
On August 29, 2014, the FHFA issued a proposed rule updating these goals for. the FHFA apply both benchmark (prospective) and market (retrospective) goals? 3. remarkably underserved, the FHFA is at risk of setting goals that are only.
the FHFA is seeking public input while considering four of Fannie Mae’s 22 proposed modifications each of which would make a substantial change to the content of its Underserved Market Plan. According.