FHFA Proposes Rule On Underserved Markets

FHFA Proposes Rule for Fannie Mae, Freddie Mac to Offer. – Fannie Mae and Freddie Mac may soon be made to offer mortgages for homes in ‘underserved markets.’ A new rule, introduced Tuesday, requires the federal housing finance agency (FHFA) by federal law.

Federal Register :: Enterprise Duty To Serve Underserved Markets – 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.

FHFA shelves search for new Fannie, Freddie credit score model – FICO and its competitor, VantageScore, have been held in suspense to see which credit score model, if any, the Federal Housing Finance Agency will. “These steps include developing a proposed rule,

FHFA proposes rule on serving underserved markets | News. – The Federal Housing Finance Agency (FHFA) recently issued a proposed rule on a method for evaluating and rating Fannie Mae and Freddie Mac’s compliance with the "duty to serve" underserved markets, including manufactured housing, affordable housing preservation and rural housing.

FHFA Releases Final "Duty to Serve" Rules for Fannie Mae and. – Yesterday the Federal Housing Finance Agency (FHFA) released its final "Duty to Serve" rule, which requires Fannie Mae and Freddie Mac to support certain segments of the mortgage market that are traditionally underserved by private investors. The Duty to Serve rule, which was mandated by Congress in 2008 but has yet to be enforced, focuses on three specific goals:

FHFA Proposes Rule to Increase Lending to Underserved Markets – FHFA Proposes Rule to Increase Lending to underserved markets. thursday, December 17, 2015. The Federal Housing Finance Agency (FHFA) has posted a proposed new rule for comment that seeks to provide greater access to affordable housing for three underserved markets.

PDF LIHTC WORKING GROUP – Novogradac & Company LLP – 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.

FHFA Final Rule on Duty to Serve Allows GSEs to Receive. – In addition, section 1335(d)(1) requires FHFA to establish a method for crediting the GSEs compliance with the Duty to Serve underserved markets. On December 15, 2015, FHFA issued a proposed rule to implement HERA’s Duty to Serve requirements. As required by HERA, the proposed rule would have provided Duty to Serve credit for GSE activities.

Duty to Serve Program | Federal Housing Finance Agency – FHFA Updates "Snapshots" of Fannie Mae and Freddie Mac’s Duty to Serve Plans On December 19, 2018, the Federal Housing Finance Agency published Fannie Mae and Freddie Mac’s (the Enterprises) modified underserved markets plans for 2018-2020 under the Duty to Serve program.