September 11, 2007

Subprime Mortgage Lending Guidance: OFHEO Director James B. Lockhart Commends GSEs on Implementation Lending Guidance government news

Washington, DC — OFHEO Director James B. Lockhart announced today the implementation by Fannie Mae and Freddie Mac of the federal bank regulators’ Statement on Subprime Mortgage Lending to their mortgage purchases and the application of that Statement and the Interagency Guidance on Nontraditional Mortgage Product Risks to the purchase of private-label securities.
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