Date: January 2nd, 2005

GSE affordable housing goals

2 January, 2005 (15:41) | GSEs |

Under their respective charters, Fannie Mae and Freddie Mac are vested with unique, governmentally-derived competitive advantages worth at least $8 billion a year (probably more). For that money, the GSE’s are expected to extend the frontiers of affordable housing, facilitating the flow of capital at the margins, including these public purposes:

Providing stability and liquidity […]