Quote:
|
Originally Posted by Supermans;298352its goal to finance over $500 billion in CRA business by 2010, about one third of loans anticipated to be financed by Fannie Mae during that period[/B
.[23][/U][/I]
|
From Wiki "The value of USA subprime mortgages was estimated at $1.3 trillion as of March 2007"
So the "requirement" was 500 billion in 2010 but we hit $1.3 Trillion in early 2007. Wow we are some over achievers when it comes to government mandates.