A GSE Makeover

Voyles, Bennett
April 2005
Mortgage Banking;Apr2005, Vol. 65 Issue 7, p22
The article reports that the U.S. Congress is once again taking steps to tackle regulatory reform of the government-sponsored enterprises. For the past few years now, Fannie Mae and Freddie Mac have been mired in bad news. First, accounting irregularities resulted in a surprise ouster of long standing top executives at Freddie Mac. Now, investigations by the Office of Federal Housing Enterprise Oversight and the Securities and Exchange Commission have prompted a reshuffling at the top for Fannie Mae as well. The U.S. Congress and the administration are anxious to avoid the political risks involved in re-engineering the two largest players in the secondary residential mortgage market.


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