Countrywide Bank , already the subject of much speculation about its viability because of its active involvement in sub prime lending over the last several years, was targeted yesterday by a leading Democratic Senator who urged that the company's use of its access to the Federal Home Loan Bank's (FHLB...
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...
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...