Fannie, Freddie Bid to Manage MBS, Whole Loans Under TARP, But Private Sector Complains It’s Being Excluded
October 24, 2008
In what seems to supporters as a logical and cost-effective move, Fannie Mae and Freddie Mac have apparently been directed to bid to manage the mortgage-related assets acquired under the federal government’s $700 billion Troubled Asset Relief Program. But other potential bidders are complaining that turning over the mortgage components of the TARP to the government-sponsored...