William C. Apgar, Commissioner of the Federal Housing Administration, issues Federal Register Document Number FR-4494-F-02, requiring the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (a.k.a. “Fannie Mae” and “Freddie Mac”) to dedicate 50% of their securities purchases to be those financing homes purchases of moderate to low income families, with the goal of raising to 500,000,000,000 “dollars” the value of its low socio-economic holdings.

       NOTE: This has the effect of encouraging financing of mortgages for those that might not otherwise qualify.

       [added 5/16/2023]