Items Tagged with 'Duty to Serve'

ARTICLES

  • New Freddie Mac job program helps homeowners in poverty areas

    Announces partnership with NextJob
    Freddie Mac announced Thursday that it entered into a new partnership to help current and aspiring homeowners find jobs in persistent poverty areas. Freddie Mac explained its goal that the partnership will provide meaningful opportunities to create and sustain homeownership for families across rural America.
    Read More
  • Fannie, Freddie release official strategy to serve underserved markets

    FHFA requests public input on proposed 3-year plans
    Fannie Mae and Freddie Mac released their three-year plans for Duty to Serve Underserved Markets. Now, the FHFA is asking for feedback from the industry. The Duty to Serve program, mandated by the Housing and Economic Recovery Act of 2008, requires the GSEs to lay out their plans to serve three specified, underserved markets to deliver more affordable housing.
    Read More
  • FHFA makes it official: Fannie, Freddie required to open credit box to "underserved"

    FHFA unveils final "Duty to Serve" rule
    Eight years after the passage Housing and Economic Recovery Act of 2008 mandated that Fannie Mae and Freddie Mac increase lending to three specific “underserved” markets, the Federal Housing Finance Agency announced Tuesday that the government-sponsored enterprises must work to open the credit box for certain very low-, low-, and moderate-income families.
    Read More