2008-07-10housingwire.com

"While MBS markets firmed following Office of Federal Housing Enterprise Oversight director James Lockhart’s insistence earlier this week that FASB’s accounting changes should not drive capital changes at either Fannie Mae (FNM: 13.61, -11.10%) or Freddie Mac (FRE: 8.02, -21.83%), it’s pretty clear Thursday that both the debt and equity markets are still skeptical."



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