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Home » Store » Taxable » GSEs Warn of ‘Distortion’ From HUD Housing Goals

GSEs Warn of ‘Distortion’ From HUD Housing Goals

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Will new affordable housing goals force Fannie Mae and Freddie Mac to buy potentially abusive subprime mortgages? Officials at the two government-sponsored enterprises think so. And some industry officials and consumer representatives apparently agree. The GSEs sounded their warnings in comment letters filed with the Department of Housing and Urban Development in response to a controversial proposal that would dramatically ratchet up the amount of business that
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