---
kind: "section"
citation: "12 C.F.R. § 1253.4"
title: "12"
number: "1253.4"
heading: "New product determination."
url: "https://uscodex.org/cfr/12/1253.4"
---

# §1253.4. New product determination.

- (a) A new product is any new activity that the Director determines merits public notice and comment about whether it is in the public interest.
- (b) The factors that the Director may consider when determining whether a new product is in the public interest are:
  - (1) The degree to which the new product might advance any of the purposes of the Enterprise under its authorizing statute;
  - (2) The degree to which the new product serves underserved markets and housing goals as set forth in [sections 1332-1335](/cfr/12/1332-1335.md) of the Safety and Soundness Act ([12 U.S.C. 4562-4565](/usc/12/4562-4565.md));
  - (3) The degree to which the new product is being or could be supplied by other market participants;
  - (4) The degree to which the new product promotes competition in the marketplace or, to the contrary, would result in less competition;
  - (5) The degree to which the new product overcomes natural market barriers or inefficiencies;
  - (6) The degree to which the new product might raise or mitigate risks to the mortgage finance or financial system;
  - (7) The degree to which the new product furthers fair housing and fair lending; and
  - (8) **Such other factors as determined appropriate by the Director.**

## Notes

### Authority

Authority: 12 U.S.C. 4511; 12 U.S.C. 4513; 12 U.S.C. 4526; 12 U.S.C. 4541.

### Source

Source: 88 FR 79229, Dec. 27, 2022, unless otherwise noted.