FHFA Proposes Rule On Underserved Markets
Qualifying activities that promote residential economic diversity in one or more underserved markets would also receive Duty to Serve credit. FHFA invites interested parties to submit comments on all aspects of the proposed rule within 90 days of publication in the Federal Register via FHFA.gov. (The proposed rule was published on 12/18/2015.
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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 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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The FHFA proposed. published a final rule in 2016 to implement the Duty to Serve provisions mandated by the Housing and Economic Recovery Act of 2008. The statute requires the enterprises to serve.
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,
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
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UNDERSERVED MARKET PLANS AND REVIEW A. Section of Activities (RFC 1-3) FHFA’s proposed approach, which lays out a set of Regulatory Activities in addition to the activities and programs articulated in the amendments to the Safety and Soundness Act of 1992 made by HERA, is a
Pursuant to the same new rule, FHFA has also published a Proposed Evaluation Guidance to provide: (i) FHFA’s expectations regarding the development of the underserved markets plans, and (ii) the process by which FHFA will evaluate Fannie’s and Freddie’s achievements under their Plans each year. The deadline for public input on FHFA’s.
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.