WASHINGTON, June 24 -- Federal Housing Finance Agency has issued a proposed rule called: Enterprise Duty To Serve Underserved Markets.
The proposed rule was published in the Federal Register on June 24 by Clinton Jones, General Counsel, Federal Housing Finance Agency.
Summary: The Federal Housing Finance Agency (FHFA or Agency) proposes to rescind its regulation on Duty to Serve Underserved Markets and replace it with a new rule. If adopted as proposed, the new rule would enable the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises) to better serve the needs of very low-, low-, and moderate-income families in the manufactured housing, affordable h...