FHFA Proposes Rule On Underserved Markets

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FHFA Proposes Rule to Increase Lending to Underserved Markets Dec 15 2015, 2:57PM The Federal Housing Finance Agency (FHFA) has posted a proposed new rule for comment that seeks to provide greater.

The Federal Housing Finance Agency (FHFA) has announced that it is requesting public input as part of the Agency’s consideration of proposed modifications to Fannie Mae and Freddie Mac’s (the enterprises) 2018-2020 underserved Markets Plans under the Duty to Serve program. FHFA requests public input on the proposed modifications to the 2018-2020 Underserved Markets Plan by November 15, 2019 via the dedicated Duty to Serve page on FHFA’s website at www.FHFA.gov/DTS or via mail to FHFA.

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

“Key rules for implementing the law are yet. government conservatorship since the 2008 financial crisis. FHFA Director Mark Calabria, who took over the agency in April, is pressing to privatize the.

The proposed rule, according to the press release, 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 FHFA an Underserved Market Plan covering a three-year period, subject to public review and comment.

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Updated: December 18, 2017. FHFA Publishes Fannie Mae’s and Freddie Mac’s Duty to Serve Underserved Market Plans. The Federal Housing Finance Agency (FHFA) has published Fannie Mae’s and Freddie Mac’s Underserved Markets Plans for 2018-2020 under the Duty to Serve program. The Plans become effective January 1, 2018.

Federal Housing Finance Agency’s (FHFA’s) proposed Rule on the Duty to Serve Underserved Markets for Enterprises; Proposed Rule. 12 CFR Part 1282, RIN 2590-AA27. The Housing and Economic Recovery Act of 2008 mandates that Fannie Mae and Freddie Mac have a "Duty to Serve" three traditionally underserved markets of: Rural Housing,

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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