Replies to post #201674 on Fannie Mae-No Politics (FNMA)

[Donotunderstand]

yes I see where HUD raised it

but this speaks - shouts volumes re what was what

Although the GSE Act initially required that the
GSEs spend on special affordable mortgages “not less than 1 percent of the dollar amount of the mortgage purchases by the [GSEs] for the previous year,” HUD raised

OK - the GSEs were to make sure that 1% of their purchases were on the affordable housing initiative ---

1%