OFHEO Wants Cap on Freddie’s Portfolio by Month’s End, But Prospects Remain Unclear as Discussions Continue
July 21, 2006
Freddie Mac’s regulator hopes to reach a voluntary agreement with the government-sponsored enterprise by the end of the month that would include a portfolio cap, but just how much progress is being made is hard to ascertain, as officials are being tight-lipped about the ongoing discussions. One of the first things that James Lockhart did when he took over as director at the Office of Federal Housing Enterprise Oversight was to announce a wide-ranging settlement…