May 06
With Washington increasingly relying on Fannie and
Freddie to pick up the slack in buying mortgages and mortgage-
backed securities - the two between them bought 80 percent of all
mortgages purchased by investors in the first quarter of 2008 - The New
York Times in an article on Tuesday asked whether the two companies were
up to the task.
The Times article says that some financial experts
worry that the companies are dangerously close to the
edge. The article quoted analysts as saying that the companies are
sitting on billions of dollars in additional losses that
they have not yet…