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GSE Briefs

May 11, 2018
Freddie Mac Reviewing Support to Potential Predatory Lender. Freddie Mac is looking into a loan it guaranteed as part of an affordable single-family rental pilot program. This comes after a housing advocacy group filed a lawsuit in federal court in April that argued an investor in Indianapolis was selling rental homes through a rent-to-own arrangement that is supposed to be excluded from the program. Casas Barata Aqui allegedly targets Latino buyers and is in violation of the Fair Housing Act. The group received financing that was a part of loans issued by CoreVest Finance. Fannie Promotes Chief Risk Officer. Fannie Mae recently promoted Kimberly Johnson from chief risk officer to executive vice president and chief operating officer.
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