Private Label MBS Significant GSE Issue: FHFA

21 May 2009

The Federal Housing Finance Agency has blasted previous management of government-sponsored entities for the problems private label mortgage-backed securities created for Fannie Mae and Freddie Mac.

The Federal Housing Finance Agency has blasted previous management of government-sponsored entities for the problems private label mortgage-backed securities created for Fannie Mae and Freddie Mac. In its first report to Congress, the FHFA noted that the $26 billion of losses and impairments at the lenders was at ...

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