Fannie Mae Says It Exceeded '95 Targets For Lending to Poor, in Inner

The Federal National Mortgage Association said last week that its purchases of loans made to central city households and those with low and moderate incomes exceeded federal goals last year.

Last year, 45% of the units financed by Fannie Mae were for households with low to moderate incomes, and 30.5% were in central cities. The Department of Housing and Urban Development had set a 30% target for both categories. By definition, half the nation's households have low or moderate incomes.

The government-sponsored agency also met its special affordable-housing goal, which covers loans to the lowest-income households. Fannie Mae bought $8.2 billion of such loans in 1995, exceeding the government's goal of $4.6 billion.

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