Florida Home Loans News

FHFA Proposes Rule On Underserved Markets

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

“The HOME Act would retain longstanding FHLB members who joined prior to the FHFA proposed rule and reinstate newer members that. System act as a stabilizing force in the housing finance market and.

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.

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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(NLIHC) on the Federal Housing Finance Agency’s (FHFA) proposed Duty to Serve (DTS) rule published on December 18, 2015 in the Federal Register. The proposed rule would implement fannie mae and Freddie Mac’s (collectively the Enterprises) duty to serve very low-, low- and moderate-income households in underserved markets.

According to a press release from the FHFA, the proposed regulation will require the GSEs to serve three underserved markets including manufactured housing, affordable housing preservation, and.

Proposed IRS Regulation on Qualified Opportunity Funds · NCST Comment; July 1, 2019. FHFA Duty to Serve – GSE Proposed Underserved Markets Plans.

On December 15, 2015, the Federal Housing Finance Agency issued a proposed rule that would require Fannie Mae and Freddie Mac to provide specific services relating to manufactured.

which will promote liquidity and efficiency in the secondary mortgage market," Joseph Otting, the FHFA’s acting director, said in a statement. The final rule takes into account feedback the agency.

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. Mac to facilitate a secondary mortgage market in three underserved markets. The statute stipulated that the Federal Housing Finance Agency (FHFA) shall. final rule on the program until December 2016, partly due to a new rule proposed .

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