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Enterprise Duty to Serve Underserved Markets Proposed Rule

Publication Details
Type
Proposed Rulemaking
Document Number
2015-31811
Federal Register Publish Date
12/18/2015
Federal Register Citation
80 FR 79181
PDF Format
Comment Open Date
12/18/2015
Comment End Date
03/17/2016
Comment Status
Closed
Rulemaking Details
Rulemaking

Enterprise Duty to Serve Underserved Markets Proposed Rule

Contact Information

​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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​

Summary

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 people-icon

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

216 items
CSV
Date First Name Last Name Organization Comment
Lesli Gooch Manufactured Housing Institute (MHI) See attached Recommendations letterView Comment Email: N/A
Attachment: N/A
FHFA FHFA Summary of Follow-up Roundtable between FHFA and Rural Housing Market Stakeholders See attached summaryView Comment Email: N/A
Attachment: View Attachment
FHFA FHFA Summary of Roundtable between FHFA and Manufactured Housing Industry Stakeholders See attached summaryView Comment Email: N/A
Attachment: View Attachment
FHFA FHFA Summary of Roundtable between FHFA and Financial Services Stakeholders See attached summaryView Comment Email: N/A
Attachment: View Attachment
FHFA FHFA Summary of Roundtable between FHFA and Consumer, Civil Rights, Affordable Housing and Energy Efficiency Stakeholder Groups See attached summaryView Comment Email: N/A
Attachment: View Attachment
FHFA FHFA Summary of Roundtable between FHFA and Rural Housing Market Stakeholders See attached summaryView Comment Email: N/A
Attachment: View Attachment
FHFA FHFA FHFA - Form Letter 4 FHFA has received 116 submissions from individuals and entities on the…View Comment
Email: N/A
Attachment: N/A
FHFA FHFA FHFA - Form Letter 1 FHFA has received 10 submissions from individuals and entities on the…View Comment
Email: N/A
Attachment: N/A
FHFA FHFA FHFA - Form Letter 2 FHFA has received 1,229 submissions from individuals and entities on t…View Comment
Email: N/A
Attachment: N/A
FHFA FHFA FHFA - Form Letter 3 FHFA has received 11 submissions from individuals and entities on the…View Comment
Email: N/A
Attachment: N/A
Joe Donnelly Member of Congress See attached comment from Senator Joe Donnelly and Stephen Fincher, Me…View Comment
Email: N/A
Attachment: N/A
Robert Rutkowski N/A See attached commentView Comment Email: N/A
Attachment: N/A
Thomas Callahan Massachusetts Affordable Housing Alliance See attachedView Comment Email: N/A
Attachment: N/A
Thomas Carew Fahe Thank you for this opportunity to comment on the Proposed RuleView Comment Email: tomc@fahe.org
Attachment: N/A
Lesli Gooch Manufactured Housing Institute Please see attached document for comments from the Manufactured Housin…View Comment
Email: lgooch@mfghome.org
Attachment: N/A
Tom Hodges Clayton Homes See attached comment letter.View Comment Email: tom.hodges@claytonhomes.com
Attachment: N/A
Moises Loza Housing Assistance Council The Housing Assistance Council (HAC) appreciates the opportunity to co…View Comment
Email: lance@ruralhome.org
Attachment: N/A
Nancy Owens National Association of State and Local Equity Funds (NASLEF) Please see attached comments submitted on behalf of NASLEFView Comment Email: N/A
Attachment: N/A
Ron Haynie Independent Community Bankers of America (ICBA) Attached is a copy of Final Duty Serve Comment letterView Comment Email: ron.haynie@icba.org
Attachment: N/A
Yana Miles Center for Responsible Lending Please see comments submitted by Center for Responsible Lending.View Comment Email: Yana.Miles@responsiblelending.org
Attachment: N/A
Matt Josephs Local Initiatives Support Corporation (LISC) See attached commentView Comment Email: N/A
Attachment: N/A
Robert Wiener California Coalition for Rural Housing See attached commentView Comment Email: N/A
Attachment: N/A
Dave Ledford National Association of Home Builders Thank you for the opportunity to comment on the Enterprise Duty to Ser…View Comment
Email: N/A
Attachment: N/A
Lindsey Johnson U.S. Mortgage Insurers Please see attached comment letter.View Comment Email: ljohnson@usmi.org
Attachment: N/A
Undersigned Civil Rights and Fair Housing Organizations See attached commentView Comment Email: N/A
Attachment: N/A