Federal National Mortgage Association

FHFA Proposes Rule on Fannie Mae's & Freddie Mac's Duty to Serve Underserved MarketsPursuant to the Housing and Economic Recovery Act of 2008, which amended the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, federal law requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to facilitate a secondary market for mortgages on housing for very low-, low-,