The Federal Housing Finance Agency (FHFA) recently issued Notice RIN 2590″“AA49 in the Federal Register to request comments on a proposed rule to amend and extend the Agency’s existing housing goals for 2012, 2013 and 2014 with respect to Fannie Mae and Freddie Mac. Specifically, the proposed rule would establish new benchmarks for the single-family housing goals for 2012, 2013 and 2014 and would also establish new levels for the multifamily housing goals for those years. FHFA seeks comments on whether the housing goals regulation should be amended to address the possibility that Fannie or Freddie would receive credit under the housing goals for the purchase of a multifamily mortgage that was intended to facilitate the conversion of the property securing the mortgage from affordable rents to market rate rents. Those interested may submit comments, by email to Alfred M. Pollard, General Counsel to, or via the Federal eRulemaking Portal at (send copy to, or via hand delivery or by U.S. mail.

Click here to read Notice RIN 2590″“AA49.