Investors Face Possible GSE Debt Limits from Treasury, No More Free Intraday Credit from the Federal Reserve
July 14, 2006
Fannie Mae and Freddie Mac say they are ready to comply with new requirements in the Federal Reserve payment system that will kick in next week, a change that experts hope will have minimal impact on the market. Meanwhile, the government-sponsored enterprises are going into initial talks with the Treasury Department that could affect their debt issuance schedules and, ultimately, their ability to fund MBS portfolio purchases. …