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Affordable Housing Program Amendments: Federal Home Loan Bank Mortgage Refinancing Authority

Publication Details
Type
Interim Final Rule
Document Number
E8-24320
Federal Register Publish Date
10/17/2008
Comment Open Date
10/17/2008
Comment End Date
12/16/2008
Comment Status
Closed
Effective Date
08/17/2008
Rulemaking Details
Rulemaking

Affordable Housing Program Amendments: Federal Home Loan Bank Mortgage Refinancing Authority

Contact Information

FOR FURTHER INFORMATION CONTACT: ​Sylvia Martinez, Senior Policy Analyst, (202) 408-2825, martinezs@fhfb.gov; or Amy Bogdon, Senior Advisor, (202) 408-2546, bogdona@fhfb.gov. For legal questions: Sharon B. Like, Senior Attorney-Advisor, (202) 408-2930, likes@fhfb.gov. You can send regular mail to the Federal Housing Finance Board, 1625 Eye Street, NW., Washington, DC 20006.

Summary

SUMMARY: The Federal Housing Finance Agency (FHFA) is issuing and seeking comment on an interim final rule to implement section 1218 of the Housing and Economic Recovery Act of 2008 (Recovery Act), which requires the FHFA to allow the Federal Home Loan Banks (Banks) until July 30, 2010, to use Affordable Housing Program (AHP) homeownership set-aside funds to refinance low- or moderate-income households’ mortgage loans. This rulemaking relocates the AHP regulation to the FHFA rules, and adds new provisions that allow the Banks to use AHP set-aside funds to provide direct subsidies to low- or moderate-income households who qualify for refinancing assistance under the HOPE for Homeowners Program established by the Federal Housing Administration (FHA) under Title IV of the Recovery Act.

ADDRESSES: This interim final rule is effective October 17, 2008. The FHFA will accept written comments on the interim final rule on or before December 16, 2008.

COMMENTS: Submit comments to the FHFA using any one of the following methods:

  • E-mail: comments@fhfb.gov. Please include RIN 2590-AA04 in the subject line of the message.

  • Fax: (202) 408-2580.

  • Mail/Hand Delivery: Federal Housing Finance Board, 1625 Eye Street, NW., Washington, DC 20006, Attention: Public Comments/RIN 2590-AA04.

  • Federal eRulemaking Portal: www.regulations.gov. Follow the instructions for submitting comments. If you submit your comment to the Federal eRulemaking Portal, please also send it by e-mail to the FHFA at comments@fhfb.gov to ensure timely receipt by the agency. Include the following information in the subject line of your submission: Federal Housing Finance Agency. Interim Final Rule: Affordable Housing Program Amendments: Federal Home Loan Bank Mortgage Refinancing Authority. RIN 2590-AA04.

We will post all public comments we receive without change, including any personal information you provide, such as your name and address, on the FHFA Web site at www.fhfa.gov/SupervisionRegulation/RegulationFederalRegister/Pages/Open-for-Comment.aspx.

Public Comments people-icon

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

40 items
Date Sort ascending First Name Last Name Organization Comment
Charles McMillian National Association of REALTORS View CommentView Comment Email: N/A
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David L. Ledford National Association of Home Builders (NAHB) View CommentView Comment Email: N/A
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Sharon Oamek N/A View CommentView Comment Email: N/A
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Reenee Wilburn N/A View CommentView Comment Email: N/A
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David H. Hehman Federal Home Loan Bank of Cincinnati View CommentView Comment Email: N/A
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Charles McMillian National Association of Realtors (NAR) View CommentView Comment Email: N/A
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David L. Ledford National Association of Home Builders (NAHB) View CommentView Comment Email: N/A
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Carol Wayman Corporation for Enterprise Development (CFED) View CommentView Comment Email: N/A
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Gregory J. Hettrick Federal Home Loan Bank of Dallas View CommentView Comment Email: N/A
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Michael A. Jessee Federal Home Loan Bank of Boston View CommentView Comment Email: N/A
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John A. Courson Mortgage Bankers Association (MBA) View CommentView Comment Email: N/A
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Andrew J. Jetter Federal Home Loan Bank of Topeka View CommentView Comment Email: N/A
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Suzanne Titus-Johnson Federal Home Loan Bank of San Francisco View CommentView Comment Email: N/A
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Julie Kalkowski N/A 000257.Affordable Housing Program Amendments IntFinalRule - 73 FR 6166…View Comment
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LeElaine Comer N/A View CommentView Comment Email: N/A
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Colleen Dailey Capital Area Asset Builders View CommentView Comment Email: N/A
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Gregory L. Teare Federal Home Loan Bank of Indianapolis View CommentView Comment Email: N/A
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John R. Price Federal Home Loan Bank of Pittsburgh View CommentView Comment Email: N/A
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Terrie C. Williams N/A View CommentView Comment Email: N/A
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Robert J. Ransom, Jr. N/A View CommentView Comment Email: N/A
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Eleanor Friedman N/A View CommentView Comment Email: N/A
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Jacqueline Cooper N/A View CommentView Comment Email: N/A
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Glenda McClure N/A View CommentView Comment Email: N/A
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Allen Carlson N/A View CommentView Comment Email: N/A
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Roberta Gallant N/A View CommentView Comment Email: N/A
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