FHLBanks Face New Housing Goals, Fannie and Freddie Get New ‘Duty to Serve’ Requirements
June 3, 2010
The Federal Housing Finance Agency has proposed revised affordable housing goals for the Federal Home Loan Banks and new “duty-to-serve” requirements for Fannie Mae and Freddie Mac. Last week, the FHFA released a proposed rule to establish goals for mortgage purchase activity by the FHLBanks that would be consistent with the goals for Fannie and Freddie, “taking into account...