Fannie CEO describes ‘new realism’ for US mortgage lending

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.

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3d rendering of a row of luxury townhouses along a street

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