On February 16, the Federal Housing Finance Agency (FHFA) proposed a rule that would establish new affordable housing goals for Fannie Mae and Freddie Mac for 2010 and 2011, and revise and update the rules regarding types of mortgages that qualify for purposes of the new goals. Under the proposed rule, Fannie Mae and Freddie Mac would no longer be able to count private-label securities, second-lien loans, and the financing of some rental units to satisfy federal goals of financing loans for low- and moderate-income homebuyers.  Comments on the proposed rule must be received no later than 45 days after publication in the Federal Register.  Proposed Rule.  FHFA Release.