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Home » Store » Taxable » GSEs Bought HOEPA Loans, Underserved Minorities

GSEs Bought HOEPA Loans, Underserved Minorities

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Taxable

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Although Fannie Mae and Freddie Mac have repeatedly claimed that they didn’t purchase loans that qualified for special safeguards under the Home Ownership and Equity Protection Act, recently released data showed that the GSEs in fact did buy at least some of these high-cost mortgages in 2004. According to reports filed under the Home Mortgage Disclosure Act, Fannie and Freddie each purchased about $10 million each in loans that qualify for consumer protections under HOEPA.… [One data table included]
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