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GSEs Unveil Their Duty To Serve Plans

Both of the GSEs will be focusing on affordable housing, rural housing and manufactured housing.

By Erika Morphy | Updated on December 19, 2017

Freddie Mac headquarters

WASHINGTON, DC–Fannie Mae and Freddie Mac have unveiled their respective Duty to Serve plans. The Duty to Serve is a blueprint for the GSE on how it will address challenging housing markets in the US. It is shaped by public input and feedback from the Federal Housing Finance Agency.

Per the proposals they submitted last year, both of the GSEs will be focusing on affordable housing, rural housing and manufactured housing using, in Fannie Mae’s case, a combination of analysis, testing, partnerships, and loan purchases to serve these markets. “This is an important milestone in Fannie Mae’s ongoing efforts to improve access to mortgage financing and create affordable housing opportunities for people of modest means across the country,” Jeffery Hayward, Executive Vice President and Head of Multifamily at Fannie Mae said in a prepared statement.

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