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| Bad Decisions Led to Fannie, Freddie Collapse, Official Says Posted by Merlin Jetton on 4/14, 9:46am | ||
| BY NICK TIMIRAOS WASHINGTON—Poor decision-making to try to regain market share and not government-mandated affordable housing goals led Fannie Mae and Freddie Mac to loosen their lending standards that prompted their collapse, said Shaun Donovan, the Obama administration's top housing official. While the Obama administration won't propose legislation revamp Fannie, Freddie and the broader housing-finance market until next year, the remarks offer insight into the administration's thinking over how to repair the broken housing-finance sector. *********************** Reading the rest of the article online is restricted to subscribers. However, the comments are available to all. Maybe I should have put this in humor. | ||
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