(C ) If a GSE chooses to use an estimation methodology under paragraph (e)(6)(ii)(A)( 2) or (e)(6)(ii)(A)( 3) of this section to determine affordability for rental units in properties securing single-family mortgage purchases eligible to be counted toward the respective housing goal, then that methodology may be used up to nationwide maximums of five percent of the total number of rental units in properties securing non-seasoned single-family mortgage purchases by the GSE in the current year and 20 percent of the total number of rental units in properties securing seasoned single-family mortgage purchases by the GSE in the current year. Multifamily rental units in excess of the maximum set forth in this paragraph (e)(6)(i)(C), and any units for which estimation information is not available, shall be removed from the denominator of the respective goal calculation. If this maximum is exceeded, the estimated number of goal-qualifying units will be adjusted by the ratio of the nationwide maximum number of units for which affordability information may be estimated to the total number of multifamily rental units with missing affordability information in properties securing mortgages purchased by the GSE. (C ) If a GSE chooses to use an estimation methodology under paragraph (e)(6)(i)(A) of this section to determine affordability for rental units in properties securing multifamily mortgage purchases eligible to be counted toward the respective housing goal, then that methodology may be used up to a nationwide maximum of ten percent of the total number of rental units in properties securing multifamily mortgages purchased by the GSE in the current year. Owner-occupied units in excess of the nationwide maximum, and any units for which estimation information is not available, shall remain in the denominator of the respective goal calculation. If this nationwide maximum is exceeded, then the estimated number of goal-qualifying units will be adjusted by the ratio of the applicable nationwide maximum number of units for which income information may be estimated to the total number of single-family owner-occupied units with missing income information in properties securing mortgages purchased by the GSE. (iii ) If a GSE chooses to use an estimation methodology under paragraph (d)(2)(i)(B) or (d)(2)(i)(C) of this section to determine affordability for owner-occupied units in properties securing single-family mortgage purchases eligible to be counted toward the respective housing goal, then that methodology may be used up to nationwide maximums for home purchase mortgages and for refinance mortgages that shall be calculated by multiplying, for each census tract, the percentage of all single-family owner-occupied mortgage originations with missing borrower incomes (as determined by HUD based on the most recent HMDA data available for home purchase and refinance mortgages, respectively) by the number of single-family owner-occupied units in properties securing mortgages purchased by the GSE for each census tract, summed up over all census tracts. Verification and enforcement to ensure GSE data integrity. Liability of GSEs and Federal Reserve Banks. Withdrawal of Eligible Book-entry GSE Securities for conversion to definitive form. Law governing rights and obligations of United States, Federal Reserve Banks, and GSEs rights of any Person against United States, Federal Reserve Banks, and GSEs Law governing other interests.Ĭreation of Participant's Security Entitlement security interests. Public disclosure of final orders and agreements. Procedures for Actions and Review of Actions Requests for GSE information on behalf of Congress, the Comptroller General, a subpoena, or other legal process. Proprietary information withheld by order or regulation.įOIA requests and protection of GSE information. Secretarial determination on GSE request. Public-use database and public information. Submission of information to the Secretary. Reports underwriting and appraisal guideline review. Notice and determination of failure to meet goals. The Secretary of HUD's Regulation of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie MAC)Ĭentral Cities, Rural Areas, and Other Underserved Areas Housing Goal.Īffordability-Income level definitions-family size and income known (owner-occupied units, actual tenants, and prospective tenants).Īffordability-Income level definitions-family size not known (actual or prospective tenants).Īffordability-Rent level definitions-tenant income is not known.
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