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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 Additionally, the TDD 1-(800) number referenced in Rulemaking documents attached to this page is obsolete and the 7-1-1 number should be used.​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
Gaylan Lang N/A See attached commentView Comment Email: N/A
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Ishbel Dickens National Manufactured Home Owners Association See attached letter re RIN 2590-AA27View Comment Email: ishbel@nmhoa.org
Attachment: View Attachment
Michael Williams N/A See attached commentView Comment Email: N/A
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Michael Puzio N/A I think this would be very beneficial to our economy, consumers, and t…View Comment
Email: N/A
Attachment: N/A
Robert Anderson N/A See attached comentView Comment Email: N/A
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David Salzman The Richman Group Affordable Housing Corporation See attached comment letter.View Comment Email: salzmand@richmancapital.com
Attachment: View Attachment
Terry Portra N/A See attached commentView Comment Email: N/A
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Arness Dancy Chicagoland Black Chamber of Commerce, Inc See attachedView Comment Email: N/A
Attachment: View Attachment
adam wibby N/A I think it almost necessary you introduce a method to understand how e…View Comment
Email: adam.wibby@gmail.com
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Zach Pringnitz N/A Require accurate energy audit information be provided to each prospect…View Comment
Email: Zpringnitz@comcast.net
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Antonio Reyes N/A I would like to see energy efficiency ratings such as the HERS rating…View Comment
Email: N/A
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Brian Butler EnerScore Inc. There is a growing body of evidence, now well documented and researche…View Comment
Email: brian@enerscore.com
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F. Brad Lovin North Carolina Manufactured & Modular Homebuilders Association (NCMHA) See attached commentView Comment Email: N/A
Attachment: View Attachment
Cliff Davis N/A See attached commentView Comment Email: N/A
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Mary McBrady N/A See attached commentView Comment Email: N/A
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Betty Whittaker Kentucky Manufactured Housing Institute See attached commentView Comment Email: N/A
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Frank Bowman Illinois Manufactured Housing Association See attached commentView Comment Email: N/A
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Mark Brunner Minnesota Manufactured & Modular Home Association See attached commentView Comment Email: N/A
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Amy Bliss Wisconsin Housing Alliance See attached commentView Comment Email: N/A
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Julie Hertzog Affordable Housing Investors Council Please see the attached comments.View Comment Email: jhertzog@ahic.org
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Laurence Checca Manufactured Housing Institute of Maryland See attached commentView Comment Email: N/A
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Sheila Dey Western Manufactured Housing Communities Association See attached commentView Comment Email: N/A
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UMP and Evaluating and Rating Discussion See attached.View Comment Email: N/A
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Representative David Scott Member of Congress, U.S. Congressional Commitee on Agriculture; and U.S. Congressional Committee on Financial Services See attached commentView Comment Email: N/A
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Reverend George Gilbert DC Jobs or Else Please See AttachedView Comment Email: N/A
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