New Paths for Mortgage Giants; Old Way of Doing Business Will Not Work Anymore For Fannie Mae, Freddie Mac

From: The Washington Post | Date: December 5, 2005| Author: | Copyright information

Struggling through the aftermath of multibillion-dollar accounting scandals, officials at Fannie Mae and Freddie Mac say their most difficult decisions may lie ahead. With stiffer competition from other companies and the changing tastes of home buyers in the types of loans they want, the companies face a choice between moving into riskier types of investing and acknowledging to stockholders that their potential for growth is limited.

In either case, company officials say, the business model that has generated record profit in recent years -- buying standard 30-year mortgages from banks so ...

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