Housing Finance Working Paper Series
HF-015 Goal Performance and Characteristics of Mortgages Purchased by Fannie Mae and Freddie Mac, 1998-2000, May 2002.
This paper (an update of HF-006) analyzes the performance of Fannie Mae and Freddie Mac, the
two major Government-Sponsored Enterprises (GSEs) in the conventional secondary mortgage
market, in meeting the housing goals established by HUD for 1998-2000. It also presents
information on detailed borrower, locational, and loan characteristics of single-family mortgages
purchased by the GSEs in this period. The report is based on the loan-level data that the GSEs
submit annually to the Department. The paper finds that the GSEs passed all of their housing
goals in 1998-2000 and generally achieved the highest levels of performance on the housing goals
to date in 2000. It also finds that in most areas, by 2000 Freddie Mac had eliminated the
performance gap with Fannie Mae that had existed in previous years.
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