Duty to Serve Underserved Markets for Enterprises

Date

12/29/2016

Number

RIN-2590-AA27

Group

Fannie Mae

Freddie Mac

CFR

12 CFR 1282

Effective Date

Mon, 01/30/2017 - 12:00

Enterprise Duty to Serve Underserved Markets Proposed Rule

FOR FURTHER INFORMATION CONTACT: Jim Gray, Manager, Office of Housing and Regulatory Policy, (202) 649-3124, or Mike Price, Senior Policy Analyst, Office of Housing and Regulatory Policy, (202) 649-3134. 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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.

PLEASE NOTE: Comments submitted will not be immediately viewable. To confirm your comment was received, contact FHFAWebMaster@fhfa.gov or call (202)649-3031.

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—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 and seeking comments on a proposed rule that would provide Duty to Serve credit for eligible Enterprise activities that facilitate a secondary market for mortgages related to: manufactured homes titled as real 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 proposed rule would establish a method for evaluating and rating the Enterprises’ compliance with the Duty to Serve each underserved market.

The Proposed Rule was released to the public via agency website on December 15, 2015.

Public Comments

Below are a compilation of public comments made on this publication.

216 items

CSV

Date Sort ascending	First Name	Last Name	Organization	Comment
05/25/16	Lesli	Gooch	Manufactured Housing Institute (MHI)	See attached Recommendations letter Email: N/A Attachment: N/A
05/02/16	FHFA	FHFA	Summary of Follow-up Roundtable between FHFA and Rural Housing Market Stakeholders	See attached summary Email: N/A Attachment: View Attachment
04/26/16	FHFA	FHFA	Summary of Roundtable between FHFA and Manufactured Housing Industry Stakeholders	See attached summary Email: N/A Attachment: View Attachment
04/25/16	FHFA	FHFA	Summary of Roundtable between FHFA and Financial Services Stakeholders	See attached summary Email: N/A Attachment: View Attachment
04/20/16	FHFA	FHFA	Summary of Roundtable between FHFA and Consumer, Civil Rights, Affordable Housing and Energy Efficiency Stakeholder Groups	See attached summary Email: N/A Attachment: View Attachment
04/19/16	FHFA	FHFA	Summary of Roundtable between FHFA and Rural Housing Market Stakeholders	See attached summary Email: N/A Attachment: View Attachment
03/24/16	FHFA	FHFA	FHFA - Form Letter 4	FHFA has received 116 submissions from individuals and entities on the… Email: N/A Attachment: N/A
03/24/16	FHFA	FHFA	FHFA - Form Letter 1	FHFA has received 10 submissions from individuals and entities on the… Email: N/A Attachment: N/A
03/24/16	FHFA	FHFA	FHFA - Form Letter 2	FHFA has received 1,229 submissions from individuals and entities on t… Email: N/A Attachment: N/A
03/24/16	FHFA	FHFA	FHFA - Form Letter 3	FHFA has received 11 submissions from individuals and entities on the… Email: N/A Attachment: N/A
03/23/16	Joe	Donnelly	Member of Congress	See attached comment from Senator Joe Donnelly and Stephen Fincher, Me… Email: N/A Attachment: N/A
03/21/16	Robert	Rutkowski	N/A	See attached comment Email: N/A Attachment: N/A
03/18/16	Thomas	Callahan	Massachusetts Affordable Housing Alliance	See attached Email: N/A Attachment: N/A
03/17/16	Isaac	Simon Hodes	Lynn United for Change Empowerment Project	Please see attached letter regarding the Proposed Rule. Email: isaac@LynnUnited.org Attachment: N/A
03/17/16	Stacey	Epperson	Next Step Network, Inc.	March 17, 2016 Alfred M. Pollard, General Counsel Attention: Comments/… Email: s.epperson@nextstepus.org Attachment: N/A
03/17/16			California Reinvestment Coalition (CRC)	See attached comment Email: N/A Attachment: N/A
03/17/16	Jonathan	Kevles	Renew Financial	These comments are submitted in behalf of the Renew Financial company,… Email: jkevles@renewfinancial.com Attachment: N/A
03/17/16	Mark	Weiss	MHARR	See attached comments. Email: mmarkweiss@aol.com Attachment: N/A
03/17/16	Kristin	Siglin	Housing Partnership Network	Attached please find our comments on RIN 2590-AA27. Thanks. Email: siglin@housingpartnership.net Attachment: N/A
03/17/16	Ron	Haynie	Independent Community Bankers of America (ICBA)	Attached is a copy of Final Duty Serve Comment letter Email: ron.haynie@icba.org Attachment: N/A
03/17/16	Steve	Baden	RESNET	RESNET is a non-profit organization that sets the national standards f… Email: sbaden@resnet.us Attachment: N/A
03/17/16	Sebastian	Corradino	Riverside Capital, LLC	Please see attachment Email: scorradino@riverside.capital Attachment: N/A
03/17/16	Colleen	Fisher	Council for Affordable and Rural Housing	See attached comment Email: N/A Attachment: N/A
03/17/16	John	Mealey	Coachella Valley Housing Coalition	Please see uploaded file. Email: john.mealey@cvhc.org Attachment: N/A
03/17/16	Benson	Roberts	National Association of Affordable Housing Lenders	Please see the attached comments. Email: broberts@naahl.org Attachment: N/A
03/17/16	Thomas	Carew	Fahe	Thank you for this opportunity to comment on the Proposed Rule Email: tomc@fahe.org Attachment: N/A
03/17/16	Paul	Bradley	ROC USA, LLC	Comments attached Email: pbradley@rocusa.org Attachment: N/A
03/17/16	Angus	Crane	North American Insulation Manufacturers Association (NAIMA)	Please find attached NAIMA's comments on the FHFA's Enterprise Duty To… Email: acrane@naima.org Attachment: N/A
03/17/16	James	Logue	Cinnaire	Please see attached Duty To Serve response from Cinnaire. Email: jlogue@cinnaire.com Attachment: N/A
03/17/16	David	Siddiqui	N/A	Utility costs can be a large portion of the operational expenses for a… Email: N/A Attachment: N/A
03/17/16	Robert	Newman	Virginia Community Development Corporation	Please find my comments attached Email: bnewman@vacdc.org Attachment: N/A
03/17/16	Lesli	Gooch	Manufactured Housing Institute	Please see attached document for comments from the Manufactured Housin… Email: lgooch@mfghome.org Attachment: N/A
03/17/16	Dan	McPheeters	Mortgage Bankers Association	Please see attached comment signed by David H. Stevens Email: dmcpheeters@mba.org Attachment: N/A
03/17/16	Blair	Sebastian	NYS Rural Advocates	P.O. Box 104, Blue Mountain Lake, New York 12812 – Ruraladvocates@gmai… Email: blairsebastian@gmail.com Attachment: N/A
03/17/16	Jenny	Hsu	National Association of Housing and Redevelopment Officials (NAHRO)	On behalf of the National Association of Housing and Redevelopment Off… Email: jhsu@nahro.org Attachment: N/A
03/17/16	Bill	Druliner	GreenPath, Inc	March 17, 2016 Mr. Alfred M. Pollard General Counsel Federal Housing F… Email: community@greenpath.com Attachment: N/A
03/17/16	Jeff	Washburne	City of Lakes Community Land Trust	March 17, 2016 Alfred M. Pollard, Esq. General Counsel Federal Housing… Email: jeff@clclt.org Attachment: N/A
03/17/16	Christopher	Hamilton	Mr.	My wife and I got solar on our roof last year and we're happily reapin… Email: dediemar@sbcglobal.net Attachment: N/A
03/17/16	Tom	Salomone	Trade Group - National Association of Realtors (NAR)	Comments Attached. Email: cdawson@realtors.org Attachment: N/A
03/17/16	David	Silberman	Consumer Financial Protection Bureau (CFPB)	The Consumer Financial Protection Bureau (CFPB) is committed to ensuri… Email: monique.chenault@cfpb.gov Attachment: N/A
03/17/16	Yana	Miles	Center for Responsible Lending	Please see comments submitted by Center for Responsible Lending. Email: Yana.Miles@responsiblelending.org Attachment: N/A
03/17/16	Alex	Castro	PathStone Corporation	Please see attached comments. Email: jwiltse@pathstone.org Attachment: N/A
03/17/16	Andrew	Spofford	Preservation of Affordable Housing (POAH)	March 17, 2016 Alfred M. Pollard, General Counsel Attention: Comments/… Email: aspofford@poah.org Attachment: N/A
03/17/16	Tom	Hodges	Clayton Homes	See attached comment letter. Email: tom.hodges@claytonhomes.com Attachment: N/A
03/17/16	Eleanor	Pepper	Empire Justice Center	See attached document for comments submitted by Empire Justice Center. Email: epepper@empirejustice.org Attachment: N/A
03/17/16	Bennie	Thompson	Member of Congress	Federally-regulated manufactured housing is the nation’s most affordab… Email: N/A Attachment: N/A
03/17/16	Kris	Cook	National Affordable Housing Management Association	Please find the attached comments on behalf of the National Affordable… Email: lkeys@nahma.org Attachment: N/A
03/17/16	Polly	Nichol	Vt. Housing & Conservation Board	See attached letter. Email: polly@vhcb.org Attachment: N/A
03/17/16	Scot	Keller	LIHTC Working Group	Please see the attached comment letter from the LIHTC Working Group. Email: scot.keller@novoco.com Attachment: N/A
03/17/16	Moises	Loza	Housing Assistance Council	The Housing Assistance Council (HAC) appreciates the opportunity to co… Email: lance@ruralhome.org Attachment: N/A

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