Housing Blogs

From Bloomberg: Fannie, Freddie May Raise $20 Billion, Regulator Says Fannie Mae and Freddie Mac, the U.S. government-chartered mortgage companies, may raise as much as $20 billion in capital as part of an agreement that allows them to buy more debt securities, their regulator said. …“There’s no specific number,” [James Lockhart, director of the Office of Federal Housing Enterprise Oversight] said. “There was a range of numbers. The best way is to say it’s significant.” The amount raised will be “much more” than the $5.9 billion of capital released by reducing the cushion, Lockhart said…..
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