Credit-Standards

Fannie Mae Eases Credit Requirements Under HUD Affordable Housing Pressure

1999-09-01 00:00:00 +0000 UTC | Importance: 8/10

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