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Treasury Secretary Henry Paulson announced Monday that he was in favor of temporarily lifting the dollar limit on loans purchased by Freddie Mac and Fannie Mae, allowing them to provide a market for so-called " jumbo mortgages ." Under current rules, the two government sponsored enterprises (GSEs) cannot...
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Freddie Mac and Fannie Mae may have recently come to appreciate the old saw "be careful what you wish for." A year or so ago Federal Reserve Chairman Alan Greenspan was giving the two government sponsored enterprises ( GSEs ) a lot of grief about their loan portfolios, particularly in light of the trouble...