Underserved Mortgage Markets Coalition Press Release on FHFA Fair Lending Final Rule
On May 1, 2024, NCSHA signed onto a press release by the Underserved Mortgage Markets Coalition (UMMC) regarding the Federal Housing Finance Agency’s April 29 Final Rule on Fair Lending, Fair Housing, and Equitable Housing Finance Plans. The press release applauds FHFA for publishing the rule, which codifies into federal regulations the requirement that Fannie Mae and Freddie Mac publish and maintain Equitable Housing Finance Plans. The plans outline how each firm will support equitable and sustainable housing opportunities. UMMC also urges FHFA to adapt several policies to increase transparency and accountability regarding Fannie Mae and Freddie Mac’s equitable housing activities.
