Continuation of Federal Home Loan Mortgage Corporation and Federal National Mortgage Association Housing Goals; Final Rule DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

Resumen

Under the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, the Secretary is required to establish housing goals to direct the purchase of mortgages by the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) on: housing for low- and moderate-income families; housing located in central cities, rural areas and other underserved areas; and housing meeting the needs of and affordable to low-income families in low-income areas and very low-income families. By Notices published on October 13, 1993, the Secretary established housing goals for 1993 and 1994. This final rule temporarily extends into 1995 the 1994 housing goals that were established by the Secretary for Freddie Mac and Fannie Mae. The Secretary will soon propose regulations that will include adjusted housing goals for 1995. When these new 1995 goals are established by final regulation, the 1994 goals extended through this action will be superseded for the remainder of the year, i.e., the new goals will be established ``short year,'' so that the Freddie Mac and Fannie Mae are not expected to perform under the new goals for the entire year. The g