GSEs Tend to Underserve Low-End Goals Target, New Study Reveals
June 30, 2003
Fannie Mae and Freddie Mac are meeting their affordable housing goals by aiming mostly at the high end of the underserved markets, according to a new study of 2000 mortgage data. The study by Jonathan Brown, an economist with the consumer group Essential Information, suggests that the most underserved segments of the lower-income and minority markets are not getting the benefits of the GSE affordable housing goals.