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Home » Store » News » Should Backstops be Increased By Dec. 31?

Should Backstops be Increased By Dec. 31?

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The U.S. Treasury’s authority to provide $200 billion each in federal backing to Fannie Mae and Freddie Mac expires at the end of the year, and analysts at Barclays Capital said the agency needs to expand that capability before then, unless worsening losses cause a breach in that threshold and force a receivership of either company.Fannie is most at risk, after having lost about $115.5 billion over...
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