2013-02-20bloomberg.com

The panel will recommend that the U.S. replace Fannie Mae and Freddie Mac, which package loans into securities with guaranteed interest and principal payments, with mortgage-bond guarantees that kick in only after private firms take the initial losses, according to the people, who asked not to be identified because the report isn't yet published.



Comments: Be the first to add a comment

add a comment | go to forum thread