Fannie Mae Eases Credit Requirements Under HUD Affordable Housing Pressure
Fannie Mae significantly relaxes credit requirements to meet HUD-mandated affordable housing goals, encouraging banks to extend loans to borrowers with credit scores below conventional standards. This government-sponsored enterprise policy change, coordinated with banking industry lobbying, …
Fannie Mae
Franklin Raines
HUD
Andrew Cuomo
Mortgage Bankers Association
+1 more
fannie-mae
subprime-expansion
credit-standards
affordable-housing
gse-capture
+1 more
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