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...
Several things have occurred over the last week or so in the ongoing saga of Freddie Mac, Fannie Mae and their financial improprieties which date back almost to the turn of the century. First, Freddie Mac recently announced that it had voluntarily adopted a temporary policy of limited growth for its...
It is hard to be sympathetic to someone who cannot, as the saying goes, get out of their own way. But Fannie Mae is beginning to seem like the hapless victim of a crowd of school yard bullies determined to bring it down. Last week as we reported, the Rudman Commission which was charged with investigating...