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Home » Store » Taxable » GSEs Bought HOEPA Loans Last Year, HMDA Data Show

GSEs Bought HOEPA Loans Last Year, HMDA Data Show

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Fannie Mae and Freddie Mac don’t buy loans covered by the Federal Home Ownership and Equity Protection Act, right? Not so fast. According to data reported by lenders under the Home Mortgage Disclosure Act, HOEPA loans were among the mortgages sold to the housing GSEs last year. Admittedly, the volume of HOEPA loans purchased by the two firms is small: about $10 million apiece. But the fact that any such loans – which involve…
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