[Federal Register Volume 69, Number 126 (Thursday, July 1, 2004)]
[Proposed Rules]
[Page 39886]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-14948]


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DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

24 CFR Part 81

[Docket No. FR-4790-N-02]
RIN 2501-AC92


HUD's Proposed Housing Goals for the Federal National Mortgage 
Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation 
(Freddie Mac) for the Years 2005-2008 and Amendments to HUD's 
Regulation of Fannie Mae and Freddie Mac Extension of Public Comment 
Period

AGENCY: Office of the Assistant Secretary for Housing--Federal Housing 
Commissioner, HUD.

ACTION: Proposed rule; extension of comment period.

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SUMMARY: This notice announces an extension of the public comment 
period on HUD's proposed rule regarding new housing goals for Fannie 
Mae and Freddie Mac, the government-sponsored enterprises (GSEs), 
published on May 3, 2004. The May 3, 2004, proposed rule provided for a 
60-day public comment period, which would close the public comment 
period on July 2, 2004. This notice advises that the public comment 
period has been extended to July 16, 2004.

DATES: Comments must be submitted on or before July 16, 2004.

ADDRESSES: Interested persons are invited to submit written comments 
regarding this proposed rule to the Regulations Division, Office of 
General Counsel, Room 10276, Department of Housing and Urban 
Development, 451 Seventh Street, SW., Washington, DC 20410. All 
communications should refer to the above docket number and title. 
Facsimile (FAX) comments and e-mail comments are not acceptable. A copy 
of each communication submitted will be available for public inspection 
and copying between 8 a.m. and 5 p.m. weekdays at the above address.

FOR FURTHER INFORMATION CONTACT: Sandra Fostek, Director, Office of 
Government Sponsored Enterprises, Office of Housing, Room 3150, 
telephone 202-708-2224. For questions on data or methodology, contact 
John L. Gardner, Director, Financial Institutions Regulation Division, 
Office of Policy Development and Research, Room 8212, telephone (202) 
708-1464. For legal questions, contact Kenneth A. Markison, Assistant 
General Counsel for Government Sponsored Enterprises/RESPA or Paul S. 
Ceja, Deputy Assistant General Counsel for Government Sponsored 
Enterprises/RESPA, Office of the General Counsel, Room 9262, telephone 
202-708-3137. The address for all of these persons is Department of 
Housing and Urban Development, 451 Seventh Street, SW., Washington, DC 
20410. Persons with hearing and speech impairments may access the phone 
numbers via TTY by calling the Federal Information Relay Service at 
(800) 877-8399.

SUPPLEMENTARY INFORMATION: On May 3, 2004 (69 FR 24228), HUD published 
its proposed rule that would establish new housing goals levels for the 
GSEs for years 2005 through 2008. The new housing goal levels are 
proposed in accordance with the Federal Housing Enterprises Financial 
Safety and Soundness Act of 1992 (FHEFSSA) and govern the purchase by 
Fannie Mae and Freddie Mac of mortgages financing low- and moderate-
income housing, special affordable housing, and housing in central 
cities, and rural areas and other underserved areas. In the May 3, 
2004, rule, HUD also proposed to revise the existing regulations to 
provide enhanced requirements to ensure GSE data integrity.
    The May 3, 2004, proposed rule provided for a 60-day public comment 
period. In addition to the 60-day public comment period, HUD had also 
posted the rule on its website on April 7, 2004, in advance of 
publication in the Federal Register. In response to recent requests for 
additional time to submit public comments, and since the original 
public comment deadline coincides with the July 4th holiday weekend, 
HUD is announcing through this notice that it is extending the public 
comment period on the May 3, 2004, proposed rule for an additional two-
week period. The new public comment deadline is July 16, 2004.

    Dated: June 28, 2004.
Sean G. Cassidy,
General Deputy Assistant Secretary for Housing.
[FR Doc. 04-14948 Filed 6-28-04; 12:59 pm]
BILLING CODE 4210-27-P