FHFA Limiting Fannie Mae and Freddie Mac Loan Purchases to “Qualified Mortgages”

We all know what subprime lending did to all real estate values across the United States and the severe impact on our economy. The FHFA published a News Release announcing that Fannie and Freddie mortgage acquisitions must be compliant with certain lending criteria. Although this is an indication that they at least have one eye open, if falls short strong protections for the taxpayers who are funding the federal insurance program.