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GSE Revisions Push Affordable Housing Funds Passed
Congress approved changes to Fannie Mae and Freddie Mac rules requiring 1993 and 1994 purchases of affordable housing loans totaling 3.5 billion dollars. The measure aims to boost lending in central cities, foster ties with non profits, and expand Community Reinvestment Act compliance. Stakeholders urge accountability and fair lending gains while White House cautions on admin flexibility.
MENTIONED IN THIS ARTICLE
Congress
Federal National Mortgage Association
Fannie Mac
Federal Home Loan Mortgage Corp
Freddie Mac
Fannie Mae
Deborah Austin
National
White House Office of Management and Budget
Richard Darman
House
Senate
Housing and Urban Development
Jack Kemp
HUD