GSEs Give Little Back to the Market in First Stab at New Focus on ‘Affordability’
October 9, 2008
Fannie Mae and Freddie Mac took the smallest steps possible toward a retooled mission in the mortgage market by separately announcing that they would cancel pending fee hikes for mortgages on properties in adverse housing markets. The government-sponsored enterprises were sharply criticized by some housing groups for a series of moves over the past two years to impose new delivery charges on higher...