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December 2, 2008 9:25:39 PM CST


Office of Federal Housing Enterprise Oversight

Office of Federal Housing Enterprise Oversight news stories

2 Stories

Freddie, Fannie Rules Eased to Boost Housing Market

Regulators reduce capital surplus required of firms

(Newser) - Fannie Mae and Freddie Mac will be able to buy more mortgages after the amount of capital they're required to hold as a cushion was cut from 30% to 20% today, the Wall Street Journal reports. The move by the Bush administration should pump up to $200 billion of liquidity into the mortgage-backed securities market.  More »

More about:  Financial Crisis subprime crisis Fannie Mae Freddie Mac Office of Federal Housing Enterprise Oversight

Fannie Mae Loses Billions in Q4

Government-backed lender off $3.56B, but feds lifts restraints on portfolio

(Newser) - Fannie Mae reported huge fourth-quarter losses today, painting an ugly picture both of the economy and the mortgage giant's own future. The company lost $3.56 billion—triple what analysts expected, Bloomberg reports. Derivatives were the big culprit, accounting for $3.33 billion in losses, but the company also reported spikes in late payments and delinquencies. More »

More about:  Financial Crisis subprime crisis Fannie Mae Freddie Mac credit market mortgage earnings reports student loans Office of Federal Housing Enterprise Oversight

2 Stories

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