Heady Days of GSE Growth May be Gone As Fannie, Freddie Adjust to Portfolio Caps
August 10, 2006
The days of high returns may be gone for Fannie Mae and Freddie Mac as the mortgage giants learn to adjust to life with caps on their portfolios. However, if GSE reform efforts fail and the compa-nies return to their “old ways,” that could change. Fannie and Freddie “are not going to be the massive growth companies they have been in the past,” said James Lockhart, director of the Office...