Diana Reid, CEO of Freddie Mac, expressed enthusiasm over Jim Whitlinger’s appointment, citing his proven leadership and over 30 years of financial management experience as pivotal for stability.
Whitlinger voiced his gratitude for the opportunity, expressing excitement and humility at being chosen to lead Freddie Mac's Finance Division, highlighting the team's outstanding nature.
The Federal Housing Finance Agency announced new affordable housing goals for Freddie Mac and Fannie Mae, emphasizing equitable housing access and adjusting previous targets for low-income borrowers.
The new rule mandates that 25% of single-family mortgages support borrowers earning under 80% of the area median income, marking a shift aimed at improving housing affordability.
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