Industry NewsMortgage

Fannie asks regulators to raise cap on lending portfolio

Bush says GSE reform bill must come first
Published on Aug 10, 2007

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by CareyBot

Fannie Mae has asked federal regulators to raise a cap on its mortgage loan portfolio that was put in place in the wake of management and accounting scandals -- a move President Bush says he won't consider until Congress passes legislation overhauling oversight of Fannie and Freddie Mac.

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