Modifying the mortgage giants
Dec 8th, 2008 | By Gregory Arzumanov | Category: Financial NewsWASHINGTON Dec. 8, 2008 After the government announced last month that Fannie Mae and Freddie Mac would take new steps to modify tens of thousands of mortgages to make them more affordable, some executives expressed concerns that the moves could weaken their already struggling companies.
Fannie Maes chief executive, Herbert M. Allison Jr., acknowledged [...]