Wednesday, May 23, 2007

UPDATE 1-Freddie Mac, Fannie Mae portfolios shrink in April

(Reuters) - Both agencies have been curtailing their purchases of
mortgage assets while under regulatory growth limits as they
overcome accounting and financial reporting crises.




On Tuesday, the U.S. House of Representatives passed a bill
tightening federal oversight of Fannie and Freddie, the two
largest purchasers and guarantors of U.S. home mortgages.


Read more at Reuters.com Bonds News

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