Several Executive Branch surrogates indicated late last week that the Administration was sort of willing to compromise about the role of Freddie Mac and Fannie Mae in solving the current credit crunch. But the announcements made and the methods proposed seem to this reporter to be little, late, and misdirected...
The House of Representatives voted 331 to 90 on Wednesday to revamp the oversight of Freddie Mac, Fannie Mae, and the Federal Home Loan Bank. The legislation enables the creation of a new independent regulator with the authority to set capital standards, dismantle a company in financial trouble, and...
Posted to
MND NewsWire
by
Glenn Setzer
on
Fri, Oct 28 2005
Filed under:
Filed under: Alan Greenspan, Freddie Mac, Fannie Mae, Jumbo Loans, senate banking committee, government sponsored enterprises, conforming loans, GSEs, Federal Home Loan Bank, low income housing