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...
Investors in the two government sponsored enterprises ( GSEs ) Freddie Mac and Fannie Mae got their hopes up early in the week based on speculations that federal regulators - specifically the Office of Federal Housing Enterprise Oversight (OFHEO) - might allow the two mortgage giants to buy more home...
Posted to
MND NewsWire
by
Glenn Setzer
on
Fri, Aug 10 2007
Filed under:
Filed under: Freddie Mac, ofheo, Fannie Mae, SEC, Federal Reserve, credit crunch, countrywide, president bush, Christopher Dodd, gse, charles schumer, subprime market