FREDDIE AND FANNIE FACE FINANCIAL FALLOUT
Topic: Office of Federal Housing Enterprise Oversight, Dept. of Housing & Urban Development, Once in a Lifetime03. April 2008 |
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The nation’s largest mortgage lenders, Freddie Mac and Fannie Mae, are facing increasing questions about their ability to help consumers ride out the subprime mortgage debacle. The government wants to meet the needs of troubled consumers, but the companies’ shareholders are interested in higher profits. Writing in the Wall Street Journal, James Hagerty describes the tension and notes that even Freddie Mac’s chairman, Richard Syron, calls the lending companies "odd ducks" for waddling the tightrope between the public and private sectors. Read Hagerty here.


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