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Home / Policy, Programs & Research / Programs / Duty to Serve Proposed Evaluation Guidance Input Detail
Date:
05/09/2017
Name:
Joseph Swartz
City:
New York City
State:
New York
Zip Code:
10280
Email Address:
j8400s@aol.com
Telephone Number:
2129451317
Submitter Type:
Individual
Organization:
Organization Type:
Federal Government Agency:
State or Local Government Agency:
Submitter Item:
Proposed Evaluation Guidance

Submission

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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