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FHFA

RIN: 2590-AA26

Publication ID: Fall 2010

Title: 2010 to 2011 Enterprise Affordable Housing Goals; Enterprise Book-Entry Procedures
Abstract: This final rule on the 2010-2011 housing goals implements Section 1128(b) of the Housing and Economic Recovery Act of 2008 (HERA), which amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (Safety and Soundness Act) to provide for the establishment, monitoring, and enforcement of new housing goals for the Enterprises. Section 1331 of the Safety and Soundness Act provided FHFA with authority to establish three single-family purchase money mortgage goals, a single-family refinance mortgage goal and a multifamily special affordable housing goal. The final rule also establishes such goals for 2010 and 2011, and revises and updates the rules for counting mortgages for purposes of the housing goals to ensure clarity and consistency with the new goals. The final rule also establishes in 12 CFR part 1282 provisions regarding reporting requirements and in 12 CFR part 1249 provisions regarding book-entry accounting now found in 24 CFR part 81. Pursuant to section 1302 of HERA (12 U.S.C. 4603 ), to the extent FHFA is adopting provisions from part 81 in parts 1282 and 1249, those provisions in part 81 will no longer be in effect.
Agency: Federal Housing Finance Agency(FHFA)	Priority: Other Significant
RIN Status: Previously published in the Unified Agenda	Agenda Stage of Rulemaking: Completed Actions
Major: No	Unfunded Mandates: No
CFR Citation: 12 CFR 1249 12 CFR 1282
Legal Authority: 12 USC 4501 12 USC 4502 12 USC 4511 12 USC 4513 12 USC 4526 12 USC 4561 to 4566 12 USC 4603

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	02/26/2010	75 FR 9034
NPRM Comment Period End	04/12/2010
Final Action	09/14/2010	75 FR 55892

Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
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