Consumer Federation of America and the Center for American Progress strongly support major improvements FHFA made in its most recently proposed Duty to Serve rule. The proposed rule is a significant improvement from the rule proposed by FHFA on June 7, 2010, and the Federal Housing Finance Agency (FHFA) incorporated significant changes that reflect comments submitted by housing and consumer advocates. Alongside this progress, the newly proposed rule requires certain additional changes to ensure that Fannie Mae and Freddie Mac (the Enterprises) effectively serve the needs of the underserved markets defined by the Housing and Economic Recovery Act (HERA). By incorporating the changes CFA and CAP recommends, the FHFA can ensure the Enterprises more effectively and powerfully fulfill their statutory duty to support underserved markets.