TITLE

ACB Objects to HUD Proposal Limiting Fannie Mae and Freddie Mac Loans

PUB. DATE
September 2006
SOURCE
Community Banker;Sep2006, Vol. 15 Issue 9, p15
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that America's Community Bankers objected the proposal by the Department of Housing and Urban Development (HUD). Under the proposal, there would be a limitation on the loans that Federal National Mortgage Association and Federal Home Loan Mortgage Corp. can buy from consumers. The proposal also would allow HUD to use the fast track approach to changing the definition of predatory loans, circumventing the full rulemaking process.
ACCESSION #
22275510

 

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