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Article: Fannie Mae, Freddie Mac Met 2003 Goals
- Article from:
- AP Online
- Article date:
- October 15, 2004
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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MARCY GORDON, AP Business Writer
AP Online
10-15-2004
Dateline: WASHINGTON
Mortgage companies Fannie Mae and Freddie Mac last year met the government-set goals for making home ownership affordable, but only because three unusual multibillion-dollar deals were counted toward the targets, officials said Thursday.
The Bush administration's housing chief said the government-chartered companies "must do more" to help low- and moderate-income families become homeowners.
Meanwhile Fannie Mae, recently cited by regulators in the Housing and Urban Development Department for serious accounting problems and accused of earnings manipulation, announced that it was delaying the release this month of its ...