HUD Establishes New Housing Goal Levels for Fannie Mae and Freddie Mac

Summary

The U.S. Department of Housing and Urban Development (HUD) has finalized a rule setting new housing goal levels for Fannie Mae and Freddie Mac, two government-sponsored enterprises, for the years 2001 through 2003. The new goal levels aim to increase affordable housing options, particularly in low- and moderate-income areas, and rural communities.