Tuesday, 17 May 2022 | The Latest Buzz for the Appraisal Industry

Fannie Mae Requests Changes in Duty to Serve Plans

By Jann Swanson

Posted To: MND NewsWire

Nearly two years ago the Federal Housing Finance Agency (FHFA) approved Underserved Market Plans from Fannie Mae and Freddie Mac. These plans, part of FHFA’s Duty to Serve mandate to the two GSEs, set forth their plans for serving three specific markets, manufactured housing, affordable housing preservation, and rural housing, by increasing the liquidity of mortgage investments and improving the distribution of capital available for mortgage financing for very low-, low-, and moderate-income families in the three markets. The plans went into effect at the first of the year, and the GSEs have used them to set several programs in motion. Most recent was last week’s announcement from Freddie Mac of an intent to expand mortgages available to shared equity housing arrangements. FHFA is now requesting…(read more)

Forward this article via email: Send a copy of this story to someone you know that may want to read it.

Via:: Fannie Mae Requests Changes in Duty to Serve Plans

      

Responses

Welcome

Need Help?

Our knowledge base will help you and find the answers you're looking for.