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Loan Modification

: Mortgage Lender Implode-o-Meter

FHFA Proposes Rule on Fannie Mae and Freddie Mac Requirements for Underserved Markets

By Implode-Explode Heavy Industries

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

Full post as published by Mortgage Lender Implode-o-Meter on June 01, 2010 (boomark / email).

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