FHFA to GSEs: Back to the Drawing Board on Duty to Serve

HousingWire, Mar. 6, 2022–Georgia Kromrei
According to an FHFA spokesperson, neither Fannie nor Freddie’s plan is sufficient for any of the three underserved markets in question. The spokesperson declined to say what changes FHFA requested, or whether the GSEs had received warning the Duty to Serve plans might fall short. A spokesperson said that discussing the plans shortcomings would not be productive for the resubmission process.