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FHFA RIN: 2590-AA27 Publication ID: Fall 2016 
Title: Enterprise Duty To Serve Underserved Markets  
Abstract:

This rule will implement section 1129 of the Housing and Economic Recovery Act of 2008 (HERA), which amended section 1335 of the Safety and Soundness Act (12 U.S.C. 4565) to provide that the Director shall establish a manner for evaluating whether and the extent to which the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) have complied with a new duty to serve three specified underserved markets.

 
Agency: Federal Housing Finance Agency(FHFA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 12 CFR 1282   
Legal Authority: 12 U.S.C. 4501 to 4502    12 U.S.C. 4511    12 U.S.C. 4526    12 U.S.C. 4561 to 4566    12 U.S.C. 4573    12 U.S.C. 4603   
Legal Deadline:
Action Source Description Date
Final  Statutory  Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended, (Safety and Soundness Act), 12 U.S.C. 4565(d)(1)  01/01/2010 
Timetable:
Action Date FR Cite
ANPRM  08/04/2009  74 FR 38572   
ANPRM Comment Period End  09/18/2009    
NPRM  06/07/2010  75 FR 32099   
NPRM Comment Period End  07/22/2010    
Second NPRM  12/18/2015  80 FR 79181   
NPRM Comment Period End  03/17/2016 
Final Rule  12/00/2016 
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; www.fhfa.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Miriam Smolen
Associate General Counsel
Federal Housing Finance Agency
400 Seventh Street SW,
Washington, DC 20219
Phone:202 649-3182
TDD Phone:800 877-8339
Email: miriam.smolen@fhfa.gov

Jim Gray
Manager, Office of Housing and Regulatory Policy
Federal Housing Finance Agency
400 Seventh Street SW.,
Washington, DC 20219
Phone:202 649-3124
TDD Phone:800 877-8339
Email: jim.gray@fhfa.gov

Michael Price
Senior Policy Analyst, Office of Housing and Regulatory Policy
Federal Housing Finance Agency
400 Seventh Street SW.,
Washington, DC 20219
Phone:202 649-3134
TDD Phone:800 877-8339
Email: michael.price@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