FHFA Proposes Rule On Underserved Markets

to serve three specified underserved markets: manufactured housing, affordable housing preservation and rural markets," said the FHFA in a statement. "The proposed rule would require the Enterprises.

Currently, market demand appears to be large enough to. “While we are still working on the details, we intend to issue a proposed liquidity rule by the end of this year.” The FHFA is also working.

Earlier today the Federal Housing Finance agency (fhfa) released its proposed "Duty to Serve" rule, which would require the Government-Sponsored enterprises (gses) fannie mae and Freddie Mac to support housing for lower income families in three underserved segments of the housing finance market: manufactured housing, affordable housing preservation, and homeownership opportunities in rural.

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WASHINGTON – The Federal Housing Finance Agency is planning to issue a final rule in the next 12 months to require Fannie Mae and Freddie Mac to better serve underserved markets, including.

Changes were proposed. Bureau’s Escrows rule, eligible small creditors that operate predominantly in rural or underserved areas are not required to establish escrow accounts for higher-priced.

The Markets Noteworthy. On July 2, 2019, the Federal Housing Finance Agency published Fannie Mae’s modified underserved markets plans for 2018-2020 under the Duty to Serve program. The Plan, originally published Dec. 18, 2017 became effective Jan. 1, 2018. Fannie Mae adopted a three-year Underserved Markets Plan.

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:

“To truly meet the needs of people in underserved areas, we need to open our mortgage finance system to more competition – because competition drives innovation,” said Federal Housing. all mortgage.

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to the Federal Housing Finance Agency’s (FHFA) request for comments on the proposed Duty to Serve rule for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), collectively known as the government sponsored enterprises (Enterprises or GSEs).