Fannie and Freddie Clearing Their Financial Reporting Decks to Compete Again in a Toughening Environment
September 14, 2006
Fannie Mae and Freddie Mac appear to be on schedule to complete their respective financial reporting initiatives, ready to weather a housing slowdown, and hopeful of becoming more agile in an increasingly competitive market. That was the message that both Freddie Chairman and CEO Dick Syron and Fannie’s new CFO Robert Blakely provided in separate presentations to investors and industry representatives at a Lehman Brothers Financial Services Conference this week. Both executives acknowledged some rough spots in the...