Wednesday, June 14, 2006

ALTA.org - "Administration Starting Reviews of Fannie, Freddie" (6-14-06)

" The Bush administration is starting special reviews of the financial operations of mortgage giants Fannie Mae and Freddie Mac."

"The two government-sponsored companies, both of which have been roiled by accounting scandals in recent years, already have been under pressure from lawmakers and regulators who want their combined multitrillion-dollar mortgage holdings to be reduced. The administration has long been critical of the two companies, and officials have pointed to the accounting scandals to bolster their case that the massive mortgage portfolios are improperly managed and pose a risk to the financial system."


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