Final GSE 2009 Goals, Adjusted Downward, to Be Published Monday.

Advance Federal Register publication of downward adjustment of goals in final rule is HERE.

From FR final rule :

Based on FHFA’s review of the public comments on the proposed rule and a revised and updated assessment of current market conditions, FHFA has determined that the overall housing goal levels in the proposed rule should be adjusted downward, the three home purchase subgoal levels should remain as proposed, and the dollar-based special affordable multifamily housing subgoal levels in the proposed rule should be adjusted upward for each Enterprise as indicated below:
–Low- and moderate-income housing goal: 43 percent;
– Special affordable housing goal: 18 percent;
– Underserved areas housing goal: 32 percent;
– Low- and moderate-income home purchase subgoal: 40 percent;
– Special affordable home purchase subgoal: 14 percent;
– Underserved areas home purchase subgoal: 30 percent;
-- Special affordable multifamily housing subgoal for Fannie Mae: $6.56 billion;
-- Special affordable multifamily housing subgoal for Freddie Mac: $4.60 billion.

AND...

New Counting Requirements
Exclusion of jumbo conforming loans. Consistent with the proposed rule, the final rule excludes the Enterprises’ purchases of jumbo conforming loans from counting towards the 2009 housing goals.
MHA loan modifications. Consistent with the proposed rule, the final rule permits loans owned or guaranteed by an Enterprise that are modified in accordance with the Administration’s Making Home Affordable Program, announced on March 4, 2009 (MHA), to be treated as mortgage purchases and count for purposes of the housing goals.

Originally created and posted on the Oregon Housing Blog.