FHFA Proposes Rule On Underserved Markets

2010-06-06  · FHFA Proposes Rule For Duty To Serve Affordable Housing Needs For Fannie. in projects that assist in meeting the needs of the underserved markets.

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share this page fhfa issues final rule on fannie mae and freddie mac duty to serve underserved markets december 14, 2016 / source: fhfa. for immediate release

The proposed rule creates certain eligible activities that would earn Duty to Serve credits. Under the proposed rule, Fannie Mae and Freddie Mac would be required to submit to the FHFA an Underserved Market Plan covering a three-year period, subject to public review and comment.

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. under the final rule on Duty to Serve Underserved Markets. FHFA issued a final rule on. Enterprise-Duty-to-Serve-Underserved-Markets-Final-Rule.

MCLEAN, VA–(Marketwired – May 8, 2017) – Freddie Mac ( OTCQB : FMCC ) today released its proposed. FHFA’s Duty to serve final rule requires freddie Mac and Fannie Mae to increase the availability.

Federal Housing Finance Agency. We applaud the thoughtful and creative approaches to underserved markets that are. FHFA also proposes to award extra Duty to.

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The final rule does not mandate any particular activities, but requires the Enterprises to consider ways to better serve families in the three underserved markets. Underserved Markets Plans Process Under the final rule, Fannie Mae and Freddie Mac will each submit to FHFA a three-year Underserved Markets Plan that describes the activities and.

On December 15, 2015, the Federal Housing Finance Administration (FHFA), the GSEs’ regulator, released their long-awaited proposal to implement this directive. Comments are due March 17, 2016. Under the proposed rule, each GSE must create a three-year plan that details how the company will meet each prong of the statutory duty. The plans.

to Serve Underserved markets final rule, nearly a year after it issued its latest Proposed. preparing these Plans, and the proposed process by which FHFA will.

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2 FHFA Should Ensure Compatibility with Programs that Serve ELI Families Section 1129 of the Housing and Economic Recovery Act (HERA; P.L. 110-289) did not include