Fannie, Freddie Meet Goals

Washington Post (09/19/07) P. D4HUD reports that both Fannie Mae and Freddie Mac satisfied their regulatory mandates for supporting affordable housing. According to the agency, low- or moderate-income households benefited from 57 percent of the residential units that Fannie Mae helped to finance in 2006 and 56 percent of those backed by Freddie Mac. The two government-sponsored enterprises provided $370 billion in loans last year for 3.67 million houses and apartments.