Mac on Wednesday for not helping more minorities become homeowners.

Most of the loans that Fannie and Freddie support are made to affluent and middle-income homebuyers, he said, even though the government supports the companies so they "facilitate homeownership by lower-income minorities and others deprived of access to credit in traditional mechanisms."

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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