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FHFA RIN: 2590-AA25 Publication ID: Spring 2009 
Title: ●Enterprises 2009 Housing Goals 
Abstract: Sections 1128(a) and (b) of the Housing and Economic Recovery Act of 2008 (HERA), Public Law 110-289, 122 Stat. 2654, amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 by repealing and inserting a new section 1331(c) (12 U.S.C. 4561(c)). This amendment provides that the housing goals effective for 2008 shall remain in effect for 2009 unless adjusted by FHFA. The proposed and final rules are in accordance with the requirement that the Director review the 2009 housing goals to determine their feasibility in light of current market conditions and to adjust the 2009 housing goals as appropriate. 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Other Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1282   
Legal Authority: 12 USC 4561(c)   
Legal Deadline:
Action Source Description Date
Final  Statutory    04/26/2009 

Overall Description of Deadline: Pursuant to the Housing and Economic Recovery Act of 2008 (HERA), PL 110-289, 122 Stat 2654, the Director is to review the 2009 annual housing goals for Fannie Mae and Freddie Mac to determine the feasibility of the goal levels given the current market conditions. After seeking public comment, the Director may make appropriate adjustments to the goals consistent with market conditions. The deadline for such adjustment is April 26, 2009, 270 days from the date of enactment of HERA, July 30, 2008.

Timetable:
Action Date FR Cite
NPRM  04/00/2009    
Final Action  05/00/2009    
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.fhfa.gov; www.regulations.gov   Public Comment URL: www.regulations.gov or by email: RegComments@fhfa.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Kevin Sheehan
Associate General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3086
Email: kevin.sheehan@fhfa.gov

Lyn Abrams
Assistant General Counsel
Federal Housing Finance Agency
400 Seventh Street SW.,
Washington, DC 20219
Phone:202 649-3059
TDD Phone:800 877-8339
Email: joylyn.abrams@fhfa.gov

Sharon Like
Managing Associate General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3057
Email: sharon.like@fhfa.gov