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Fannie, Freddie to form new company


By waiting_for_the_fall   Follow   Mon, 4 Mar 2013, 9:47am PST   337 views   2 comments
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WASHINGTON -- Fannie Mae and Freddie Mac will build a new joint company for securitizing home loans as a stepping stone toward shrinking the government's role in the mortgage market, the regulator of the U.S. government-controlled firms said on Monday.

http://www.nbcnews.com/business/fannie-freddie-form-new-company-1C8686403#/business/fannie-freddie-form-new-company-1C8686403

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Papercut   Mon, 4 Mar 2013, 11:10am PST   Share   Quote   Permalink   Like (2)   Dislike     Comment 1

This article belongs on The Onion.

mell   Mon, 4 Mar 2013, 11:28am PST   Share   Quote   Permalink   Like   Dislike     Comment 2

Comedy at its best!

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