Economy Watch: Fannie, Freddie Still Vexed by Mortgage Defaults

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Economy Watch: Fannie, Freddie Still Vexed by Mortgage Defaults

Monday, 12 October 2009 08:44

Federal Housing Finance Agency acting director Edward J. DeMarco told Congress on Thursday that it ain’t over till it’s over when it comes to the problems caused by U.S. housing mortgage delinquencies. And for Freddie Mac and Fannie Mae especially, it’s not nearly over.