Comment Detail
Date: 05/09/17 First Name: Joseph Last Name: Swartz Email: j8400s@aol.com Organization Type: individual Organization: N/A Comment
I worked at Freddie Mac for 3 years and understand both it's and Fannie Mae's 'missions'. It's not affordable housing -that's for the FHA. I'm not sure why FHFA and Congress have been pressuring the GSE's to lower their credit score thresholds in conjunction with affordable housing goals. The Agencies have no right financing subprime loans. I have no issue with lower priced housing, which attracts low income borrowers. However, those low income borrowers better have very good credit scores, in line with GSE requirements!
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