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March 21, 2008
US Mortgage Lenders to Pump $200 Bln Into Markets
Efforts are being made to pump liquidity into the mortgage markets to ease the credit crunch and head off a recession. A decision by Fannie Mae and Freddie Mac's regulator to ease capital requirements will pump $200 billion into the markets, while additional liquidity is expected if the regulator of the Federal Home Loan Bank System approves a plan to increase some mortgage holdings two-fold to approximately $300 billion.
Posted by S. Germain at March 21, 2008 08:10 AM