FHFA Proposes Rule on Fannie Mae’s & Freddie Mac’s Duty to. – · 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.
FHFA Releases Proposed Duty to Serve Rule for Fannie and. – 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.
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.
Enterprise Duty to Serve Underserved Markets Proposed Rule – The Federal Housing Finance Agency (FHFA) is issuing and seeking comments on a proposed rule that would provide Duty to Serve credit for eligible Enterprise activities that facilitate a secondary market for mortgages related to: manufactured homes titled as real property; blanket loans for certain categories of manufactured housing communities.
PDF Regulatory Alert – nafcu.org – 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
5 Affordable Housing Objectives the Duty to Serve Rule Could. – FHFA’s proposed Duty to Serve rule has several important elements and is a major improvement from the version of the rule that the agency proposed in 2010. Here are five objectives that the.
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.
VantageScore Solutions Issues Statement Reacting to FHFA’s Proposed Rules for Validating and Approving New Credit Scoring Models – Director Watt’s proposed rule would perpetuate and. with the new incoming Director of FHFA. We presume that the next Director will share Congress’s desire for a competitive and fair credit scoring.