FHFA Proposes Rule on GSEs’ Requirements for Underserved Markets

The Federal Housing Finance Agency (FHFA) announced Tuesday that it has sent a proposed rule to the Federal Register implementing provisions of the Housing and Economic Recovery Act of 2008 (HERA), which establish a duty for Fannie Mae and Freddie Mac to serve very low-, low-, and moderate-income families in three specified undeserved markets — manufactured housing, affordable housing preservation, and rural markets.

Link to the rest of the article: http://bit.ly/bfxfsn