WebDec 29, 2016 · Because the goal of the Duty to Serve statute is to increase the amount of investment capital available for mortgage financing for very low-, low-, and moderate-income households, §§ 1282.32(a), 1282.33(a), 1282.34(a), 1282.35(a) of the final rule require the Plans to include activities in each underserved market that serve all three income ... WebOn April 12, 2024, FHFA published a final rule to amend the Enterprise Duty to Serve Underserved Markets regulation. The final rule allows Fannie Mae and Freddie Mac's (together , the Enterprises) activities in all colonia census tracts to be eligible for Duty to …

FHFA unveils GSE duty to serve plans - HousingWire

WebDuty to Serve Plan cycle; levels consistently lower than its baseline of 51,496 units and lower than its loan purchases supporting 54,302 and 58,259 units in 2024 and 2024, respectively. 6. Fannie Mae has set a target to purchase what is likely to be the equivalent of between 27,105 and 28,495 units over WebSep 7, 2024 · Freddie Mac responded: “Freddie Mac appreciates the input of stakeholders as we work toward the objectives set forth in our Duty to Serve plan. The plan builds on our first three-year initiative ... signatur gold tone steel mesh watch

New Coalition of Leading Affordable Housing Advocates Appeals …

WebApr 27, 2024 · The Federal Housing Finance Agency today released Fannie Mae and Freddie Mac ’s long-awaited duty to serve underserved markets plans. In the plans, both … WebMay 5, 2024 · Our Duty to Serve Plan is designed to ensure our mission of making home possible reaches every corner of our country. It expands upon past efforts and sets forth … WebDec 19, 2024 · The Duty-to-Serve Rule allows Fannie Mae and Freddie Mac to receive Duty-to-Serve credit for Housing Credit equity investments in rural areas. In its initial plan, Fannie Mae committed to researching the Housing Credit market in 2024, including outreach to at least 10 HFAs with rural regions. signatur festlegen outlook