FHFA Announces GSEs’ Duty to Serve Plans for 2022-2024
The Federal Housing Finance Agency published the 2022-2024 Underserved Markets Plans for Fannie Mae and Freddie Mac under the Duty to Serve Program, which outline the government-sponsored enterprises’ commitment to serving manufactured housing, affordable housing preservation and rural housing.
In May 2021, the Enterprises submitted proposed Duty to Serve Plans that FHFA evaluated against Agency priorities and the DTS regulation. FHFA determined that none of the Enterprises’ initial Plans met the DTS Non-Objection standard. After further revisions and evaluation, FHFA determined that the Enterprises’ latest proposed Plans now meet the Non-Objection standard.
The activities outlined by the Enterprises to achieve their DTS plan objectives remain subject to FHFA review and approval to ensure compliance with the Enterprises’ Charter Acts, safety and soundness measures, and other conservatorship and regulatory requirements.
