Fri August 17, 2012
New Terms Set For Fannie And Freddie
Originally published on Fri August 17, 2012 5:03 pm
The Treasury Department Friday changed the terms of its bailout agreement with Fannie Mae and Freddie Mac. The mortgage giants often had to pay the government back more in interest than it earned in profits, a system at odds with the goal of eventually dismantling the companies. The move appears aimed at calming financial markets.