Washington, DC – May 27, 2010 – (RealEstateRama) — The Federal Housing Finance Agency (FHFA) has sent to the Federal Register a proposed rule to establish a framework for affordable housing goals for the 12 Federal Home Loan Banks (Banks). The proposed rule implements provisions of the Housing and Economic Recovery Act of 2008 that require FHFA to establish housing goals for the Banks’ purchases of mortgages consistent with the housing goals established for Fannie Mae and Freddie Mac, taking into account the unique mission and ownership structure of the Banks.
More info...
