Industry News

Lockhart says Fannie Mae, Freddie Mac will take years to fix

Secondary lenders still pose 'substantial systemic risk' to banks
Published on Aug 10, 2006

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by CareyBot

It will be “several more years” before Fannie Mae and Freddie Mac fix accounting and management problems, says the federal official in charge of overseeing them, and the government-backed lenders continue to pose “substantial systemic risk” to U.S. banks. In ...