TITLE

HUD FINALIZES RULE ON NEW HOUSING GOALS FOR GSES

PUB. DATE
December 2004
SOURCE
Mortgage Banking;Dec2004, Vol. 65 Issue 3, p10
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Reports that the U.S. Department of Housing and Urban Development has finalized a rule requiring Federal National Mortgage Association and Federal Home Loan Mortgage Corp. to increase their purchase of mortgages for low- and moderate-income families and underserved communities. Implementation date of the rules, which have been published in the "Federal Register"; Doubts cast on the government sponsored enterprises' ability to meet affordable housing goals; Miscalculation of the market size upon which the goals are based.
ACCESSION #
15372700

 

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