HUD extended Fannie Mae's and Freddie Mac's 1994 performance goals into 1995, a move that will make the two government-sponsored enterprises wait to find out what HUD expects from their 1995 low- and moderate-income lending efforts.

HUD is ironing out the final details in its soon-to-be- released 1995 performance goals, which are scheduled to be released for comment early in 1995. The department said it expected the rule to be finalized by summer. Because the new goals wont be approved until midway through 1995, HUD also said the GSE goals for 1995 would be prorated based on the amount of time they are in place before the final rule becomes effective.

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