TITLE

Eased guidelines seen as key to boost in minority lending

AUTHOR(S)
Prakash, Snigdha
PUB. DATE
October 1994
SOURCE
American Banker;10/13/1994, Vol. 159 Issue 198, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Presents the guidelines outlines by Angelo Mozilo, chairman of Countrywide Funding Corp. regarding loans awarded to minority borrowers. Recommendation for the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corp.to loosen underwriting guidelines; Presentation of the guidelines during a speech delivered to the Mortgage Bankers Association.
ACCESSION #
9411031116

 

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