FHFA has issued a proposed rule that seeks to strike a balance between the requirement that the Enterprises serve families in these markets and their continued safety and soundness. UNDERSERVED MARKETS PLANS Under the proposed rule , the Enterprises would each be required to submit to FHFA a draft Underserved Markets Plan
The Federal housing finance agency (fhfa) posted a blog offering an update on a proposed regulation that would require Fannie Mae and Freddie Mac to serve three underserved markets.
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.
FHFA Issues Proposed Rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets 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 by the Housing and Economic Recovery Act of 2008.
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.
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FHFA will consider this guidance when evaluating the Enterprise’s plan and performance of its duty to serve underserved markets. 2. Underserved Markets Plan-Proposed 1282.35. FHFA proposes that each Enterprise provide an underserved markets plan against which the Enterprise would be evaluated and rated.
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The agency issued a proposed rule in 2010. in traditionally underserved areas. Both of these rulemakings provide FHFA with an opportunity to ensure that Fannie Mae and Freddie Mac are serving a.
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FHFA Proposes Rule on Fannie Mae and Freddie Mac Requirements for Underserved Markets . Washington, DC – The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a proposed rule implementing provisions of the Housing and Economic Recovery Act of 2008 (HERA) that establish a duty for Fannie Mae and Freddie Mac (the Enterprises) to