Senator Drills FHFA on Freddie's Low-Income Purchase Goal Miss
December 4, 2015
Although the Federal Housing Finance Agency said that Freddie Mac failed to meet all of its goals for low-income homebuyers in 2014, the GSE apparently has put the wheels in motion to meet its target for 2015. But Sen. Bob Menendez, D-NJ, ranking member of the Senate Subcommittee on Housing, Transportation and Community Development, wrote the FHFA asking why the goals fell by the wayside.Don Layton, Freddie’s CEO, told Inside The GSEs that the GSE has been working since early in the year to make sure those goals are met. Those preparations included the hiring of Danny Gardner in March, who leads a new unit specializing in affordable housing.