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GSEs May Soon Purchase Jumbo Loans But Other Limits Are Not Budging
By admin | September 25, 2007
Several Executive Branch surrogates indicated late last week that the Administration was sort of willing to compromise about the role of Freddie Mac and Fannie Mae in solving the current credit crunch. But the announcements made and the methods proposed seem to this reporter to be little, late, and misdirected. The two Government Sponsored Enterprises (GSEs) - Freddie and Fannie - seemed a little confused about what was happening as well.
...Then, on Saturday, the Wall Street Journal quoted a top regulator (undoubtedly from OFHEO) who speculated that those portfolio limits could be lifted in....
Topics: Mortgage News |