FASB Rule Complicates GSEs' Future

Sloan, Steven
January 2010
American Banker;1/25/2010, Vol. 175 Issue 12, p1
Trade Publication
This article reports that the U.S. government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac have been impacted by a ruling of the Financial Accounting Standards Board (FASB) that securitizations must be visible on corporate balance sheets. To comply with the ruling, Fannie Mae will transfer 2.8 trillion dollars in mortgage loans to its balance sheet, while Freddie Mac will transfer 1.8 trillion dollars in mortgage loans.


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