The FHFA also directed the firms to reduce their backing of loans for rental apartments by 10% from last year's levels and to sell a portion of the whole loans or other illiquid securities that sit on the firms balance sheets. The companies are already required to shrink those portfolios by 15% annually, but they have largely met those targets simply through the normal maturity of various mortgage investments.
Regulator Directs Fannie, Freddie to Merge Some Operations - WSJ.com
No comments:
Post a Comment