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Title 12, Banks and BankingRelease 119-110

§4561 Establishment of Housing Goals

Title 12 › CHAPTER 46 — GOVERNMENT SPONSORED ENTERPRISES › SUBCHAPTER I — SUPERVISION AND REGULATION OF ENTERPRISES › Part B — Additional Authorities of the Director › subpart 2 — housing goals › § 4561

Last updated Sep 23, 2026|Official source

Summary

The Director must set yearly housing goals for the enterprises starting in 2010 and for each year after. Those goals include four single-family targets and one special affordable goal for multifamily housing. The Director must also set a yearly deadline for announcing the goals so the enterprises have time to plan. The goals that applied in 2008 stay in effect for 2009, but within the 270-day period that began on July 30, 2008 the Director must review those 2009 goals, ask the public for up to 30 days of comment, and can change the goals if market conditions make that necessary. If asked, an enterprise must give data to the Director to check whether minority borrowers pay higher interest rates than similar non-minority borrowers. If the Director sees a possible pattern, the Director must send the finding to the right regulator or enforcement agency and can require more data from the enterprise to give to that agency. The Director must send an annual report to the House Financial Services Committee and the Senate Banking, Housing, and Urban Affairs Committee about actions taken. The report cannot name any lender unless there has been a final legal finding after a hearing. The Director must keep any property or financial details that would identify a borrower from being made public.

Full Legal Text

Title 12, §4561

Banks and Banking, Source: USLM XML via OLRC

(a)In general
The Director shall, by regulation, establish effective for 2010 and each year thereafter, annual housing goals, with respect to the mortgage purchases by the enterprises, as follows:
(1)Single-family housing goals
Four single-family housing goals under section 4562 of this title.
(2)Multifamily special affordable housing goal
One multifamily special affordable housing goal under section 4563 of this title.
(b)Timing
The Director shall, by regulation, establish an annual deadline by which the Director shall establish the annual housing goals under this subpart for each year, taking into consideration the need for the enterprises to reasonably and sufficiently plan their operations and activities in advance, including operations and activities necessary to meet such annual goals.
(c)Transition
The annual housing goals effective for 2008 pursuant to this subpart, as in effect before July 30, 2008, shall remain in effect for 2009, except that not later than the expiration of the 270-day period beginning on July 30, 2008, the Director shall review such goals applicable for 2009 to determine the feasibility of such goals given the market conditions current at such time and, after seeking public comment for a period not to exceed 30 days, may make appropriate adjustments consistent with such market conditions.
(d)Eliminating interest rate disparities
(1)In general
Upon request by the Director, an enterprise shall provide to the Director, in a form determined by the Director, data the Director may review to determine whether there exist disparities in interest rates charged on mortgages to borrowers who are minorities as compared with comparable mortgages to borrowers of similar creditworthiness who are not minorities.
(2)Remedial actions upon preliminary finding
Upon a preliminary finding by the Director that a pattern of disparities in interest rates with respect to any lender or lenders exists pursuant to the data provided by an enterprise in paragraph (1), the Director shall_
(A)refer the preliminary finding to the appropriate regulatory or enforcement agency for further review; and
(B)require the enterprise to submit additional data with respect to any lender or lenders, as appropriate and to the extent practicable, to the Director who shall submit any such additional data to the regulatory or enforcement agency for appropriate action.
(3)Annual report to Congress
The Director shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a report describing the actions taken, and being taken, by the Director to carry out this subsection. No such report shall identify any lender or lenders who have not been found to have engaged in discriminatory lending practices pursuant to a final adjudication on the record, and after opportunity for an administrative hearing, in accordance with subchapter II of chapter 5 of title 5.
(4)Protection of identity of individuals
In carrying out this subsection, the Director shall ensure that no property-related or financial information that would enable a borrower to be identified shall be made public.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 4561, Pub. L. 102–550, title XIII, § 1331, Oct. 28, 1992, 106 Stat. 3956, related to establishment of housing goals, prior to repeal by Pub. L. 110–289, div. A, title I, § 1128(a), July 30, 2008, 122 Stat. 2696.

Reference

Citations & Metadata

Citation

12 U.S.C. § 4561

Title 12, Banks and Banking

Last Updated

Sep 23, 2026

Release point: 119-110