The Federal Housing Finance Agency is tackling duty-to-serve rulemaking, several years after being mandated by the Housing and Economic Recovery Act, and issued a proposed rule this week that could expand the GSEs’ role in manufactured housing loans, affordable housing preservation and mortgages funded in underserved rural areas. FHFA is seeking comments on the proposed rule to implement duty-to-serve and its focus on making sure Fannie Mae and Freddie Mac are serving markets that have traditionally been underserved. The manufactured housing industry is one of those underserved markets where leaders have been asking for more clarity. “In developing the proposed rule, the FHFA tried to strike a balance between the requirements...