Skip to content

Fannie, Freddie to buy mortgage-backed securities

September 20, 2008

The regulator of mortgage finance firms Fannie Mae and Freddie Mac said on Friday that it had directed the companies to buy mortgage-backed securities immediately.

James Lockhart, director of the Federal Housing Finance Agency, said as part of a federal financial rescue plan unveiled on Friday, the government-sponsored housing finance companies were asked to “provide additional funding to mortgage markets through the purchase of mortgage-backed securities.

“As conservator of Fannie Mae and Freddie Mac, FHFA has directed each company to implement such a purchase program immediately,” he said in a statement.


One Comment leave one →
  1. Kredyt permalink
    November 17, 2011 5:59 pm

    I wonder about morgage and this art was very helpful

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: