“The implementation of this rule strengthens our commitment to promoting affordable, equitable, and sustainable housing in underserved and rural communities,” said FHFA Director Sandra L. Thompson.
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Big Changes Could Soon Be Coming to The Enterprises
Two Senators are drafting legislation that could potentially break up Fannie Mae and Freddie Mac, according to Bloomberg, in an effort to increase competitiveness in the secondary mortgage market? How do they plan on doing this, and what repercussions might legislation such as this have on the mortgage finance industry?
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