Fannie, Freddie May Be Slowing Housing Recovery: Fed

Law360, New York (January 4, 2012, 7:09 PM EST) -- Measures by government-sponsored mortgage giants Fannie Mae and Freddie Mac to minimize their short-term losses may be slowing the recovery of the housing market, according to a white paper released Wednesday by the Federal Reserve.

The Fed said that a number of steps taken by the mortgage lenders to limit losses in the wake of the collapse of the housing market, including stiffer creditworthiness standards and a rush to sell foreclosed homes rather than rent space in them, are constricting the supply of mortgage lenders and...
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