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Real Estate & Property Law

: Housing Wire

Asian Investors Hold Out for Explicit Guarantee on GSEs

By PAUL JACKSON

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Since twin housing finance giants Fannie Mae (FNM: 0.52 0.00%) and Freddie Mac (FRE: 0.5303 -5.30%) were placed under conservatorship last year, Federal Housing Finance Agency director James Lockhart has famously (infamously?) intoned that both GSEs now carry an “effective” guarantee on both their debt and mortgage securities. But “effective” is clearly not the same thing [...]

Full post as published by Housing Wire on February 20, 2009 (boomark / email).

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