[Excaliber]

Until the recent Government takeover these were the primary owners of Freddie Mac.

Vanguard Group, Inc.
Horizon Asset Management, Inc.
Loomis, Sayles & Company, L.P.
BlackRock Institutional Trust Company, N.A.
Capital Research Global Investors
State Street Global Advisors (US)
Geode Capital Management, L.L.C.
California Public Employees' Retirement System
Susquehanna International Group, LLP
RiverSource Investments, LLC
Charles Schwab Investment Management, Inc.
BNY Mellon Asset Management
MRM-Horizon Advisors, L.L.C.
Northern Trust Investments, N.A.
Steadfast Financial, L.L.C.

WHY did THESE institutions lower their lending standards? In a word "derivatives". It had FAR less to do with making "minority loans". It was all about "making money", they really didn't care WHO you were, toward the end, or even how much you made. Everyone was fair game because the market was driven by derivatives, not Government standards or guidelines.