WASHINGTON – U.S. mortgage bankers worry new affordable housing goals the government wants for mortgage finance companies Fannie Mae and Freddie Mac are overly ambitious and could cause uncertainty, an industry official said on Monday.
“To the extent that the goals are set too high, and our estimates are that some of the estimates are too high, you end up creating operational problems for the mortgage industry,” said Jay Brinkmann, vice president for research and economics at the Mortgage Bankers Association.
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