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August 31, 2007

Bernanke Opposes Lift of Fannie, Freddie Caps


Federal Reserve Chairman Ben Bernanke favors allowing the Federal Housing Administration to do more to help borrowers facing foreclosure, rather than enabling Fannie Mae and Freddie Mac to buy more mortgages and mortgage-backed securities or provide refinancing assistance to homeowners.

Posted by S. Germain at August 31, 2007 08:30 AM

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