Feds give Fannie, Freddie access to capital

Fears that the government might have to bail out Fannie Mae and Freddie Mac have sent the companies' share prices plummeting, but the turmoil in financial markets hasn't translated into higher mortgage rates or tightened underwriting standards.

A contingency plan announced by federal regulators Sunday to provide Fannie and Freddie with access to more capital is aimed at calming investors in the companies, and the crisis may ultimately have little impact on mortgage lending or the housing downturn, analysts said.

more...

To continue reading sign in to your Premium Member account.

Premium Members have full access to all news archives.

Buy Now Purchase 1-year Premium Membership - $149.95

OR

Buy Now Purchase Monthly Premium Membership - $19.95

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.