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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.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
03/10/16	Ishbel	Dickens	National Manufactured Home Owners Association	See attached letter re RIN 2590-AA27 Email: ishbel@nmhoa.org Attachment: View Attachment
03/10/16	Michael	Puzio	N/A	I think this would be very beneficial to our economy, consumers, and t… Email: N/A Attachment: N/A
03/10/16	David	Salzman	The Richman Group Affordable Housing Corporation	See attached comment letter. Email: salzmand@richmancapital.com Attachment: View Attachment
03/10/16	Arness	Dancy	Chicagoland Black Chamber of Commerce, Inc	See attached Email: N/A Attachment: View Attachment
03/10/16	Zach	Pringnitz	N/A	Require accurate energy audit information be provided to each prospect… Email: Zpringnitz@comcast.net Attachment: N/A
03/10/16	Brian	Butler	EnerScore Inc.	There is a growing body of evidence, now well documented and researche… Email: brian@enerscore.com Attachment: N/A
03/10/16	Nancy	Geer	New York Housing Association, Inc.	See attached comment. Email: N/A Attachment: N/A
03/10/16	Gaylan	Lang	N/A	See attached comment Email: N/A Attachment: N/A
03/10/16	Michael	Williams	N/A	See attached comment Email: N/A Attachment: N/A
03/10/16	Robert	Anderson	N/A	See attached coment Email: N/A Attachment: N/A
03/10/16	Terry	Portra	N/A	See attached comment Email: N/A Attachment: N/A
03/10/16	adam	wibby	N/A	I think it almost necessary you introduce a method to understand how e… Email: adam.wibby@gmail.com Attachment: N/A
03/09/16	F. Brad	Lovin	North Carolina Manufactured & Modular Homebuilders Association (NCMHA)	See attached comment Email: N/A Attachment: View Attachment
03/09/16	Cliff	Davis	N/A	See attached comment Email: N/A Attachment: View Attachment
03/09/16	Mary	McBrady	N/A	See attached comment Email: N/A Attachment: View Attachment
03/09/16	Betty	Whittaker	Kentucky Manufactured Housing Institute	See attached comment Email: N/A Attachment: View Attachment
03/09/16	Frank	Bowman	Illinois Manufactured Housing Association	See attached comment Email: N/A Attachment: N/A
03/08/16	Amy	Bliss	Wisconsin Housing Alliance	See attached comment Email: N/A Attachment: N/A
03/08/16	Mark	Brunner	Minnesota Manufactured & Modular Home Association	See attached comment Email: N/A Attachment: N/A
03/07/16	Julie	Hertzog	Affordable Housing Investors Council	Please see the attached comments. Email: jhertzog@ahic.org Attachment: View Attachment
03/07/16	Laurence	Checca	Manufactured Housing Institute of Maryland	See attached comment Email: N/A Attachment: View Attachment
03/07/16	Sheila	Dey	Western Manufactured Housing Communities Association	See attached comment Email: N/A Attachment: View Attachment
02/26/16			UMP and Evaluating and Rating Discussion	See attached. Email: N/A Attachment: View Attachment
02/25/16	Representative David	Scott	Member of Congress, U.S. Congressional Commitee on Agriculture; and U.S. Congressional Committee on Financial Services	See attached comment Email: N/A Attachment: View Attachment
02/24/16	Reverend George	Gilbert	DC Jobs or Else	Please See Attached Email: N/A Attachment: View Attachment

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