Special counting requirements.

CFR · 2024-01-01 · US · Title 12

(a) (b) (1) Equity investments in low-income housing tax credits; (2) Purchases of State and local government housing bonds except as provided in paragraph (c)(8) of this section; (3) Purchases of single-family non-conventional mortgages and multifamily non-conventional mortgages, except: (i) Multifamily mortgages acquired under a risk-sharing arrangement with a Federal agency; (ii) Multifamily mortgages under other multifamily mortgage programs involving Federal guarantees, insurance or other Federal obligation where FHFA determines in writing that the financing needs addressed by the particular mortgage program are not well served and that the mortgage purchases under such program should count under the housing goals; (4) Commitments to buy mortgages at a later date or time; (5) Options to acquire mortgages; (6) Rights of first refusal to acquire mortgages; (7) Any interests in mortgages that the Director determines, in writing, shall not be treated as interests in mortgages; (8) Mortgage purchases to the extent they finance any dwelling units that are secondary residences; (9) Single-family refinancing mortgages that result from conversion of balloon notes to fully amortizing notes, if the Enterprise already owns or has an interest in the balloon note at the time conversion occurs; (10) Purchases of subordinate lien mortgages (second mortgages); (11) Purchases of mortgages or interests in mortgages that were previously counted by the Enterprise under any current or previou

official document · source cfr-2024 · id 12:§ 1282.16