Federal Housing Finance Agency Print
Home / Supervision & Regulation / Federal Register / Enterprise Duty to Serve Underserved Markets Final Rule

Enterprise Duty to Serve Underserved Markets Final Rule

Open Date:
Open for comment
All comments are due by
Final Rule
Fannie Mae; Freddie Mac; Homeowners-Homebuyers; Mortgage
Fannie Mae; Freddie Mac
Document Number:
12 CFR Part 1282
CFR Description:
Enterprise Housing Goals and Mission
View Document:
/SupervisionRegulation/Rules/RuleDocuments/2016 Duty to Serve Final Rule_For Web.pdf|906.66 KB;
Contact Information:

FOR FURTHER INFORMATION CONTACT:  Jim Gray, Manager, Office of Housing and Community Investment, (202) 649-3124; Matt Douglas, Senior Policy Analyst, Office of Housing and Community Investment, (202) 649-3328; Miriam Smolen, Associate General Counsel, Office of General Counsel, (202) 649-3182; or Sharon Like, Managing Associate General Counsel, Office of General Counsel, (202) 649-3057.  These are not toll-free numbers.  The mailing address for each contact is:  Federal Housing Finance Agency, 400 7th Street, SW., Washington, DC 20219.   If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services. Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

Related Documents:

There are currently no related dockets for the selected rule.

SUMMARY:  The Housing and Economic Recovery Act of 2008 (HERA) amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) to establish a duty for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (collectively, the Enterprises) to serve three specified underserved markets – manufactured housing, affordable housing preservation, and rural markets – in order to increase the liquidity of mortgage investments and improve the distribution of investment capital available for mortgage financing for very low-, low-, and moderate-income families in those markets.  The Federal Housing Finance Agency (FHFA) is issuing this final rule which specifies the scope of Enterprise activities that are eligible to receive Duty to Serve credit.  These activities generally are those that facilitate a secondary market for mortgages related to:  manufactured homes titled as real property or personal property; blanket loans for certain categories of manufactured housing communities; preserving the affordability of housing for renters and homebuyers; and housing in rural markets.  The final rule provides a framework for FHFA’s method for evaluating and rating the Enterprises’ compliance with the Duty to Serve each underserved market.

The final rule is effective January 30, 2017.

Submit a Comment
NOTE: To ensure file attachments are received, make certain file names do NOT include characters such as ~ # % & * { } \ : < > ? / |, that file names are short and concise, and that the file does not exceed 50MB. If you have trouble submitting input or uploading documents to attach to your input, please contact FHFAwebmaster@FHFA.gov or call (202) 649-3031 for assistance.

Enter numbers or words provided
Privacy Act Notice

This notice is provided pursuant to the Privacy Act of 1974 (Privacy Act), as amended, 5 U.S.C. 552a. The collection of information is to process and/or respond to your complaint, appeal, inquiry, request for information, to review and post comments on proposed rules/regulations, to review feedback received on FHFA proposed or implemented initiatives, and to compile a list of potential vendors and contractors. The records are used in accordance with Systems of Records Notices (SORN), FHFA-3 Correspondence Tracking System, FHFA-20 Telecommunications System, and FHFA-22 Online Forms. You can view these SORNs by clicking here and here and here . Although providing this information is voluntary, failure to provide the requested information may result in your complaint, appeal, inquiry, request, comment, or feedback not being processed and may make it more difficult for FHFA to respond to you.

© 2024 Federal Housing Finance Agency