WebThis summary focuses on loans that meet the criteria of Duty to Serve, which require that the borrower’s income be at or below the area median income and that the home be the borrower’s primary residence. Fannie Mae also purchases a significant number of MH loans that do not meet these criteria. WebOct 17, 2024 · “This Paper is provided in connection with Fannie Mae’s January 1, 2024 Duty to Serve (“DTS”) Underserved Markets Plan for the Manufactured Housing Market (“MH Plan”). It satisfies (in part) Objective #1 under Regulatory Activity B of the MH Plan relating to manufactured housing titled as personal property (typically termed “chattel”).
Where can I learn about Duty to Serve? - Fannie Mae
WebApr 27, 2024 · April 27, 2024, 4:29 pm By Georgia Kromrei. The Federal Housing Finance Agency today released Fannie Mae and Freddie Mac ’s long-awaited duty to serve underserved markets plans. In the plans ... WebJan 29, 2024 · 1. Restrictive zoning. Approximately 34 percent of new manufactured homes are in communities, while the rest are on privately owned land (often owned by the person … how does a methadone treatment program work
Increasing Liquidity for Manufactured Housing Titled as Real …
Webthe Enterprise Duty to Serve (DTS) Underserved Markets Rule, charging Fannie Mae to more explicitly service three key underserved markets: Manufactured Housing, Affordable Housing Preservation, and Rural Housing. This mandate directly aligns with our mission. We seek to be a trusted partner in these often overlooked markets by WebOct 4, 2024 · The nation’s credit unions have also blasted at the GSEs implementation of the Duty to Serve, or DTS. ICYMI, or for a refresher, see the linked report below. Loan Zone Manufactured Home Buyers, Sellers – CU Insight on Fannie, Freddie and Duty to Serve Manufactured Housing Industry WebDec 29, 2016 · A manufactured housing trade association opposed any Duty to Serve credit for Enterprise support for manufactured housing communities, maintaining that manufactured home communities are not an underserved market and do not address the critical challenge for homeowners, which is affordable financing for chattel-titled … how does a meteor shower happen