Freedom4all
Veteran
- Apr 18, 2009
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ABC NEWS Government-sponsored mortgage giants Fannie Mae and Freddie Mac will likely need more federal aid and will not be able to repay nearly $100 billion in taxpayer funds anytime soon, their regulator told Congress Thursday.
Edward DeMarco, the Acting Director of the Federal Housing Finance Agency, said the mortgage giants face a “troubled†short-term future and will “likely require additional draws†on a senior preferred stock purchase agreement with Treasury.
However its pot-o-gold for the new Freddie Mac CFO
Edward DeMarco, the Acting Director of the Federal Housing Finance Agency, said the mortgage giants face a “troubled†short-term future and will “likely require additional draws†on a senior preferred stock purchase agreement with Treasury.
However its pot-o-gold for the new Freddie Mac CFO
