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Duty to Serve Adjustments in Response to the COVID-19 Pandemic


Under ordinary circumstances, Fannie Mae and Freddie Mac would have submitted their next proposed Underserved Markets Plans to FHFA in June 2020, covering 2021-2023.  However, due to the market disruption and uncertainty caused by the COVID-19 pandemic, FHFA has made two significant changes. 

  • First, the Enterprises will be permitted an unlimited number of innovation modifications for the 2020 Plan year.
  • Second, 2021 activities and objectives will be structured as a one-year extension of the 2018-2020 Plans. 

FHFA has instructed the Enterprises to submit both 2020 modification requests and proposed 2021 activities and objectives by September 15, 2020. 

Next Steps

  • Each Enterprise will submit its proposed 2021 activities and objectives to FHFA by September 15, 2020.
  • Each Enterprise will also submit any requests to modify 2020 objectives to FHFA by September 15, 2020. 
  • FHFA will request stakeholder input on proposed 2021 activities and objectives and select proposed 2020 modifications during a consolidated public comment period beginning in mid-September.
  • Interested parties will also be invited to provide input during virtual listening sessions, which will be held in October 2020.
  • FHFA expects the next three-year Plans will be due in May 2021, covering 2022-2024.

Please email DutyToServeStakeholders@fhfa.gov to be added to our email list and receive notification of public comment periods and virtual listening sessions.


Summary Table.png

Summary table indicating Evaluation Guidance provisions that apply in 2021

Evaluation Guidance 2020-4a.png

Revised Evaluation Guidance 2020-4a, which includes special exceptions that will apply in 2020 and 2021


​Special procedures the Enterprises will follow to submit their 2020 modifications and 2021 Plans


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