GSE Affordability Focus Not Expected to Reach Subprime
September 12, 2008
The federal government said Fannie Mae and Freddie Mac will focus, in part, on affordability, while under conservatorship. The government-sponsored enterprises are expected to loosen their credit score and loan-to-value ratio requirements, but analysts suggest that the parameters will not fall to subprime-levels. Still, the federal government’s move to help stabilize the housing market...