WASHINGTON - For the second year in a row, Freddie Mac has fallen short of a goal set by the government for supporting mortgages in central cities.

In a March 1 letter to the Department of Housing and Urban Development, Leland C. Brendsel, chairman of the Federal Home Loan Mortgage Corp., said that 25% of housing units financed by Freddie Mac in 1994 were in central cities, versus a 30% goal set by HUD.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.