MHI Submits Comments to FHFA Regarding Duty to Serve Underserved Markets for GSEs

MHI filed its comment letter with the Federal Housing Finance Agency () regarding its proposed rulemaking for Fannie Mae’s and Freddie Mac’s “duty to serve” manufactured housing, as mandated in the 2008 housing act. Among its many recommendations, the comment letter urges the FHFA to require Fannie and Freddie to create a chattel flow program whereby the GSEs would purchase these loans on a continuous, long-term basis.The FHFA is expected to continue its rulemaking process throughout this fall so that it can promulgate final regulations in time for the January 2010 effective date relating to the “duty to serve” mandate. MHI will continue to communicate its views on this subject to the FHFA, Fannie Mae, and Freddie Mac.


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