The Federal Housing Finance Agency in its Annual Housing Report today said that Freddie Mac failed to meet two of its four affordable housing goals — those for low and very-low income buyers purchasing single-family homes — in 2017. The GSE met its low-income refinancing goal for single-family homes and the goal for home purchases in low-income areas. Fannie Mae achieved all four of its affordable housing goals, FHFA said. Both GSEs met the goals for multifamily lending.
Two major newspaper editorial boards slam proposed 10% credit card rate cap
A proposed 10% cap on credit card interest rates would harm consumers by making credit less accessible and have negative consequences for businesses of all sizes, the Washington Post and Wall Street Journal wrote in separate editorials.
