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2021 Enterprise Housing Goals Final Rule

Open Date:
Open for comment
Deadline:
All comments are due by
Type:
Final Rule
Number:
RIN-2590-AB04
Group:
Mortgage; Fannie Mae; Freddie Mac
Fannie Mae; Freddie Mac
Document Number:
2020-28083
CFR:
12 CFR Part 1282
CFR Description:
Enterprise Housing Goals and Mission
Federal Register Publish Date:
View Document:
/SupervisionRegulation/Rules/RuleDocuments/2021 EHGs Final Rule 12-11-20 for Website.pdf|256.01 KB;
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Ted Wartell, Associate Director, Office of Housing & Community Investment, Division of Housing Mission and Goals, at (202) 649–3157, Ted.Wartell@fhfa.gov; Padmasini Raman, Supervisory Policy Analyst, Office of Housing & Community Investment, Division of Housing Mission and Goals, at (202) 649–3633, Padmasini.Raman@fhfa.gov; or Kevin Sheehan, Associate General Counsel, Office of General Counsel, (202) 649–3086, Kevin.Sheehan@fhfa.gov.  These are not toll-free numbers.  The mailing address is:  Federal Housing Finance Agency, 400 Seventh Street, SW., Washington, DC 20219.  The telephone number for the Telecommunications Device for the Deaf is (800) 877-8339.

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SUMMARY:  The Federal Housing Finance Agency (FHFA) is issuing a final rule on the 2021 housing goals for Fannie Mae and Freddie Mac (the Enterprises). The Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (the Safety and Soundness Act) requires FHFA to establish annual housing goals for mortgages purchased by the Enterprises. The housing goals include separate categories for single-family and multifamily mortgages on housing that is affordable to low-income and very low-income families, among other categories. The final rule establishes benchmark levels for each of the housing goals for 2021.

DATES:  The final rule will become effective sixty (60) days after the date of publication in the Federal Register.

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