Notes and Opinions from one of Arizona's Most Trusted Loan Teams

Fannie Mae and Freddie Mac will continue to support affordable housing, although the companies will finance fewer mortgages for people with low and moderate incomes for the second consecutive year, according to Federal Housing Finance Agency director James Lockhart. His comments came during testimony before the Senate Banking Committee. Lockhart did not reveal whether the companies would contribute to the housing trust fund that Congress set up earlier in the year to help low-income people buy and rent homes. He said he would make a decision "only after a careful and thorough review of existing conditions."
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From "Affordable-Housing Goals Scaled Back"
Washington Post (09/24/08) P. A11; Goldfarb, Zachary A.