GSE Regulator Ready to Take Steps Against Freddie, May Cut Off Business Relationships
January 23, 2004
The ongoing investigation into Freddie Mac’s accounting problems will likely soon force the government-sponsored enterprise to boost its capital reserves and could result in certain brokers being prohibited from dealing with the mortgage-funding giant. These issues were outlined Wednesday by Armando Falcon, director of the Office of Federal Housing and Enterprise Oversight, during a hearing before the House Financial Services Subcommittee on