Congress and the Administration may be headed for a clash on yet another front - the size of Freddie Mac and Fannie Mae's owned portfolios. On Monday Senator Charles Schumer (D-NY) introduced legislation that would provide about $72.5 billion to refinance mortgages for borrowers whose loans have or are...
Several key players have rung in on the decision by the Office of Federal Housing Enterprise Oversight (OFHEO) to retain limits on the mortgage portfolios owned by Freddie Mac and Fannie Mae. The two government sponsored enterprises (GSEs) had petitioned OFHEO, its regulator, last week asking to be allowed...
Posted to
MND NewsWire
by
Glenn Setzer
on
Mon, Aug 20 2007
Filed under:
Filed under: national association of realtors, NAR, Freddie Mac, ofheo, Fannie Mae, national association of home builders, Mortgage Bankers Association, MBA, credit crunch, countrywide, NAHB, gse, charles schumer, subprime crisis, rate reset