Fannie Mae chief executive Michael Williams suggested that the company’s new, tougher lending standards are here to stay. In a speech in Washington Wednesday, Williams trumpeted Fannie’s stronger book of business and described a “new realism” in the US housing market in which it takes longer to get a mortgage loan and a smaller share of people are able to become homeowners.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio