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HUD/HUDSEC RIN: 2501-AD12 Publication ID: Fall 2008 
Title: HUD's Regulation of Fannie Mae and Freddie Mac: Housing Goals (FR-4960) 
Abstract: Through this rule, the Department will propose housing goals for the purchase of mortgages by Fannie Mae and Freddie Mac (collectively, the Government Sponsored Enterprises, or GSEs) going forward and make any necessary revisions to HUD's GSE rules to ensure that the GSEs meet statutory requirements and carry out their public missions. In accordance with the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (FHEFSSA), this rule would establish new goals for the GSEs' purchase of mortgages financing low- and moderate-income housing; special affordable housing; and housing in central cities, rural areas, and other underserved areas. This rule would clarify, as necessary, HUD's guidelines for counting different types of mortgage purchases toward those goals. The current housing goals apply through 2008. The Secretary of HUD has general regulatory power over each GSE and is required to make such rules and regulations as necessary to ensure that the purposes of FHEFSSA and the GSEs’ charters are accomplished. HUD’s current GSE regulations implement FHEFSSA and include provisions relating to fair housing, new program approval, reporting, and access to information requirements. This rule will propose revisions to clarify HUD’s rules implementing FHEFSSA and carry out the Secretary’s regulatory responsibilities. 
Agency: Department of Housing and Urban Development(HUD)  Priority: Economically Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Completed Actions 
Major: Yes  Unfunded Mandates: No 
CFR Citation: 24 CFR 81   
Legal Authority: 12 USC 1451 et seq    12 USC 1716 to 1723h    12 USC 4501 to 4641    28 USC 2461 note    42 USC 3535(d)    42 USC 3601 to 3619   
Legal Deadline:  None
Timetable:
Action Date FR Cite
ANPRM  11/02/2004  69 FR 63576   
ANPRM Comment Period End  12/17/2004    
Withdrawn  08/29/2008    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Sandra Fostek
Director, Office of Government Sponsored Enterprises Oversight, Office of Housing
Department of Housing and Urban Development
Phone:202 402-2233