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Fannie to Boost Subprime Activities (March 3, 2000)
Fannie Mae is going to increase its subprime lending activities to improve its record of lending to African-Americans and to meet the new affordable housing goals issued by the Department of Housing and Urban Development. "We have not been a major presence in the subprime market, but you can bet that under these goals we will be," Fannie Mae chairman Franklin D. Raines said at a Thursday news conference....