United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2016_register executive 2016-12-29 article Part III Rules and Regulations D09002ee1c7f305d2 D09002ee1c7f30732 United States Federal Housing Finance Agency originator org United States Government Agency or Subagency 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. 81 FR 96242 https://www.govinfo.gov/app/details/FR-2016-12-29/2016-30284 2016-30284 fr29de16-17 RIN 2590-AA27 8070-01-P https://www.govinfo.gov/app/details/FR-2016-12-29/2016-30284 https://www.govinfo.gov/content/pkg/FR-2016-12-29/html/2016-30284.htm https://www.govinfo.gov/content/pkg/FR-2016-12-29/pdf/2016-30284.pdf Mortgages Reporting and Recordkeeping Requirements 60 p. 96242 96301 81 FR 96242 Title 12 Part 1282 12 CFR Part 1282 RIN 2590-AA27 Enterprise Duty To Serve Underserved Markets; Federal Register Vol. 81, Issue RULE 2016-30284 III FEDERAL HOUSING FINANCE AGENCY 2017-01-30 8070-01-P 2016-30284 Final rule.

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. 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. 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Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2016-12-29 P0b002ee1932b24d5 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr29de16 https://www.govinfo.gov/app/details/FR-2016-12-29 https://www.govinfo.gov/content/pkg/FR-2016-12-29/pdf/FR-2016-12-29.pdf https://www.govinfo.gov/content/pkg/FR-2016-12-29/xml/FR-2016-12-29.xml fdlp 95853 96328 DGPO 2016-12-29 2024-06-01 FR-2016-12-29 machine generated eng FR FR-2016-12-29 81 250