Showing posts with label Freddie Mac. Show all posts
Showing posts with label Freddie Mac. Show all posts

Fannie & Freddie Update

Excerpt for an article I came across today:

Posted on: August 19, 2008

Adam Brown
While on vacation this previous week, I had the opportunity to take a hike with a current employee of Freddie Mac. As much as I could tell she wasn’t looking to have a conversation about work in the middle of Vermont’s green mountains, I could not help but push the subject. As we chatted, she filled me in on some of the details of the past few months. While she didn’t cover much I did not already know, one thing did surprise me. Finishing our conversation, the woman looked at me and said, “I’m not sure I’m going to have a job in six months.” She then continued up the mountain unperturbed, as if the information was nothing new to her. I was left to ponder this incident for the remainder of my vacation only to return home on Monday and see Fannie and Freddie back in the headlines.

Fannie & Freddie Caps Lifted as of March 1, 2008

The Office of Federal Housing Enterprise Oversight (OFHEO) announced Wednesday that it would lift the restrictions on Fannie Mae and Freddie Mac's combined $1.4 trillion portfolios to give them the ability to buy more mortgages from lenders and support housing. The limit increase will go into effect March 1, 2008 and should add some needed liquidity to the mortgage market.

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