Fannie, Freddie regulator to offer housing goals soon

The federal regulator of Fannie Mae and Freddie Mac, the largest U.S. sources of mortgage money, said his agency will propose new rules requiring them to provide financing to the affordable-housing market.

The Federal Housing Finance Agency plans to act “shortly” on the goals, Edward DeMarco, FHFA’s acting director, said in a letter to lawmakers Tuesday.

Previous goals were suspended after regulators seized the companies almost 17 months ago.

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