Community groups, think tanks and the residential mortgage lending industry took advantage of the Request for Input (“RFI”) issued by the Federal Housing Finance Agency (“FHFA”) on September 7, 2021, seeking public input and information to assist Fannie Mae and Freddie Mac (the “GSEs” or “Enterprises”) in their respective preparation of the first of their three-year Equitable Housing Finance Plans (the “Plans”). The Plans must identify and address barriers to sustainable housing opportunities, including the Enterprises’ goals and action plans to advance equity in housing finance. The Enterprises were scheduled to submit these Plans to FHFA by December 31, 2021. This Legal Update provides background on the RFI and summarizes comments received.
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