Tempers are fraying on Capitol Hill, as debate intensifies over what role two government-sponsored entities (GSEs), Fannie Mae and Freddie Mac, should take to help stabilise the troubled US mortgage industry.
Several Democrat and Republican politicians are asking the entities to take on a larger role so that the economy can weather the ongoing credit crunch. Specifically, they are requesting that Congress temporarily lift the GSEs' cap on their portfolio size by 10%. However, James Lockhart,
The week on Risk.net, July 7-13, 2018Receive this by email