The Department of Housing and Urban Development has verified that Fannie Mae and Freddie Mac exceeded their affordable housing goals in 2005, even though Fannie missed one of its subgoals by a whisker."Both government-sponsored enterprises met the housing goals for 2005," HUD said. While Freddie achieved all of three home purchase subgoals, HUD's analysis "confirmed that Fannie Mae did not meet the low- and moderate-income home purchase subgoal," HUD said. Earlier this year, Fannie disclosed that it missed that subgoal. HUD created the three subgoals in order to exclude purchases of refinanced loans and encourage more GSE support for home purchase loans. The subgoal for low- and moderate-income home purchase loans was 45% in 2005, and Fannie came in at 44.59%. For 2006, the low-mod subgoal is 46%.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
July 3 -
A labor shortage is costing the market tens of thousands of new homes per year, and tariff uncertainty is adding thousands of dollars in expenses per unit.
July 3 -
The pace of revenue growth slowed toward the end of 2024, with the trend continuing into the first three months of this year, NAHB reported.
July 3 -
Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
July 3 -
The 10 basis point decline in the 30-year fixed mortgage was the most since March and the first time rates are below 6.7% since April, Freddie Mac said.
July 3 -
The firm, now going by Fairway Home Mortgage, said the change is a representation of plans to create a "connected ecosystem."
July 3