Relevant:
- Why Fannie And Freddie Are Fidgety - The financial giants are loaded down with dicey loans as defaults increase
- Freddie Mac Will Buy Out 120-Day Delinquent Mortgages
- Explaining FinReg: Fannie and Freddie
- nearly 100 percent of homeowners chose fixed mortgages when refinancing
- Say Goodbye to Fannie and Freddie
2010-03-01 — ft.com
Freddie Mac said that it would stop buying the fixed-rate and adjustable-rate interest-only mortgages on or about September 1, potentially dealing a painful blow to the holders of those securities, which tend to be large financial institutions. "Fannie and Freddie were the buyers of last resort," Mr Khalid said. "Whoever is holding those mortgages should take a hit."
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