FHFA Publishes Final Guidance on Duty to Serve Program

Filed in Housing Finance by on November 29, 2017 0 Comments

The Federal Housing Finance Agency (FHFA) today published its final evaluation guidance for its Duty to Serve program.

Fannie Mae and Freddie Mac have a statutory duty to support housing finance in three underserved markets — manufactured housing, affordable housing preservation, and rural housing markets.

Under the Duty to Serve regulation, Fannie Mae and Freddie Mac must prepare a plan that describes the specific activities and objectives the enterprises will take to serve these markets over a three-year period. FHFA will use the final evaluation guidance to assess the underserved market plans submitted by Fannie Mae and Freddie Mac.

For more information, contact Michelle Kitchen at 800-368-5242 x8352.

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