Thursday, September 02, 2010
02:02 PM Texas Time
Fannie, Freddie Goals Released
FHFA issues final rule
A final rule from the Federal Housing Finance Agency outlines 2010-2011 housing goals for Fannie Mae and Freddie Mac.
On purchase transactions, the minimum goal for low-income loans is 27 percent.
In addition, 8 percent of Fannie's and Freddie's acquisitions must be for "very low-income family" homes.
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