Federal Housing Finance Agency Print

Duty to Serve  

 

The Federal Housing Finance Agency (FHFA) is seeking comments on a proposed rule to implement the Duty to Serve provisions of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Housing and Economic Recovery Act of 2008.  This statute requires Fannie Mae and Freddie Mac (the Enterprises) to serve three specified underserved markets:  manufactured housing, affordable housing preservation and rural markets.  The proposed rule would require the Enterprises to adopt plans to improve the distribution and availability of mortgage financing in a safe and sound manner for residential properties that serve very low-, low-, and moderate-income families in the three specified underserved markets.  

The comment period was 90 days from publication in the Federal Register.  (Comment period ended 3/17/2016)

FHFA Webinar on the proposed rule was held on Tuesday, December 22, 2015. (Webinar Presentation - 36 pages, Transcript of Webinar - 15 pages)

FHFA Webinar for State and Local Government Officials was held on February 3, 2016 (Webinar Presentation - 25 pages, Transcript of Webinar​ - 13 pages) 

  

2015

FHFA NEWS RELEASE:  FHFA Issues Proposed Rule on Fannie Mae and Freddie Mac Duty to Serve Underserved Markets (12/15/2015)

PROPOSED RULE:  Enterprise Duty to Serve Underserved Markets

Submit Comments on the Proposed Rule - The Duty to Serve Proposed Rule was published on 12/18/2015. The 90-day comment period will end 3/17/2016. To submit comments, view all items open for comment.

FACT SHEET:  FHFA Issues Proposed Rule on Fannie Mae & Freddie Mac Duty to Serve Underserved Markets (12/15/2015)

Duty to Serve Data

 

2010

Notice of Proposed Rulemaking:  Duty to Serve Underserved Markets for Enterprises (6/7/2010)

Review comments submitted on Proposed Rule

 

2009

Advance Notice of Proposed Rulemaking:  Duty to Serve Underserved Markets for Enterprises (8/4/2009)

Review comments submitted on Advanced Notice on Proposed Rule

© 2016 Federal Housing Finance Agency