Industry News

Fannie Mae, Freddie Mac meet 2004 housing goals

But HUD slaps Freddie for counting some purchases without approval
Published on Dec 13, 2005

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by CareyBot

Mortgage giants Fannie Mae and Freddie Mac exceeded the 2004 housing goals required by their government charter, but Freddie Mac was penalized for counting certain purchases without prior approval, the Department of Housing and Urban Development said Monday. HUD said ...