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News Details (Posted: March 19, 2008):

3/18 FANNIE, FREDDIE

Full Description:

A deal could be in the works with OFHEO, the federal regulator that oversees Fannie Mae and Freddie Mac, that would give the two government-sponsored enterprises more financial leeway. Though not yet finalized, the plan would allow Fannie and Freddie to reduce the cash cushion they're required to maintain, thus freeing up money they would use to buy mortgages of struggling borrowers, who then could refinance into more affordable loans. Read the full story



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