GSE Housing Goal Incentives Produced Mixed Results in 2005, HUD Study Says
August 3, 2006
The system of bonus points formerly awarded to encourage Fannie Mae and Freddie Mac to meet certain affordable housing priorities may not have had much impact on the business activities of the two government-sponsored enterprises, according a recently released report from the Department of Housing and Urban Development. Under its previous affordable housing goal regulation, HUD awarded bonus credits to the GSEs for small multifamily properties and single-family rental properties. Fannie and Freddie received double