GSEs’ Need for More Capital Won’t be Taxing; FHLBank Securitization Not Likely Anytime Soon
July 31, 2009
Fannie Mae and Freddie Mac are likely to need additional capital, their regulator said this week, but probably nowhere near the level that would exhaust the federal government’s existing commitment to keep the two companies afloat. On the other hand, the two government-sponsored enterprises have already suffered massive losses, and the companies probably won’t be able to pay all of it back...