HUD Questioning Some of Freddie’s Mortgage Purchases for 2005 Affordable Housing Goals
July 6, 2006
Freddie Mac says it met all its affordable housing goals and its home-purchase subgoals for 2005, but the government-sponsored enterprise recently acknowledged that it hasn’t fully convinced the Department of Housing of Urban Development. “We are engaged in ongoing discussions with HUD regarding interpretive issues relating to the purchase and counting of mortgages for purposes of housing goals performance for 2005,” Freddie says in the new information supplement released with its recent annual report.…