Fannie Mae and Freddie Mac Said To Mask Billions Of LossesMani
Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) are masking billions of dollars of potential losses on delinquent loans, a government auditor observed.
According to Steve Linick, inspector general for the Federal Housing Finance Agency, a recent accounting change could have a material impact on the two government-sponsored enterprises’ finances and suggested immediate implementation.
FHFA gives Fannie . . .
This content is exclusively for paying members.
If you are subscribed and having an account error please clear cache and cookies if that does not work email [email protected] or click Chat.