Fannie, Freddie ‘Rethinking’ Pricing and Risk Policies as FHFA Works on New Capital Rules
October 23, 2008
The new CEOs of Fannie Mae and Freddie Mac renewed pledges to take a long hard look at their underwriting requirements and pricing policies, but provided few specifics about the direction the government-sponsored enterprises are taking. “We’re totally open to revising and discarding practices, habits and traditions that we’ve had in the past,” said Herb Allison, the new CEO of Fannie, at...