Today I submitted a comment on the current proposals from Fannie Mae and Freddie Mac related to their Duty To Serve obligations.
From the FHFA website:
The Duty to Serve (DTS) requires Fannie Mae and Freddie Mac (Enterprises) to facilitate a secondary market for mortgages on housing for very low-, low-, and moderate-income families in: Manufactured housing, Affordable housing preservation, and Rural housing. The 2018-2020 Plans describe specific activities each Enterprise will undertake to fulfill their Duty to Serve obligations in each underserved market.
The request itself can be found at;
Request for Input on Fannie Mae and Freddie Mac Proposed Modifications to Their 2018-2020 Duty to Serve Plans
My response can by found at:
If you’ve ever attempted to get a loan to buy or repair a Manufactured Home, you know for a fact that almost no one with give you a loan. The only reason I got one, in spite of my excellent credit rating, was because the branch officer went to bat for me and got an exception in the form of a personal loan. There is no support for loans on Manufactured Homes, never mind for very low-, low-, and moderate-income families.
If you have been impacted by this, please submit a letter. Unfortunately, I only became aware of this yesterday and the deadline is Friday.
FHFA will accept public input on this request for input no later than November 15,
Submissions may be delivered by one of the following two ways:
(1) Submitted to the DTS webpage at
(2) Addressed to FHFA, Division of Housing Mission and Goals, 400 Seventh Street, S.W.,
Seventh Floor, Washington, D.C. 20219.
Submissions to FHFA will be publicly posted without change, including personal information
such as name, street address, email address, and telephone number. (I missed this notice)