HUD Rulemaking Flurry on Fair Lending Issues Suggests More Sunshine on Agency Oversight of GSE Practices
The Department of Housing and Urban Development this week proposed a modest change in its oversight of Fannie Mae and Freddie Mac that could open the door for more public scrutiny of the agency’s regulation of the two government-sponsored enterprises. As part of a package of regulatory initiatives on fair lending, HUD proposed a new rule designed to strengthen its efforts – and those of the GSEs – to combat predatory lending practices. Under an…