The Congressional Budget Office reported that Fannie Mae and Freddie Mac not only met but also exceeded nearly all housing goals from 2018 to 2022, showcasing their effective role in increasing access to affordable housing.
Fannie Mae and Freddie Mac were created to maintain a reliable credit supply for mortgages, specifically targeting low- and moderate-income households to aid in financing affordable housing.
The GSEs achieve their housing goals by prioritizing purchase loans for low-income and very low-income households and providing incentives to lenders through lower fees.
Key benchmarks for the GSEs include specific purchase and refinance loan targets for low-income households, underscoring their commitment to supporting affordable housing initiatives.
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