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Frank: GSE Limits Would Roil Market.(government-sponsored enterprise)(Brief Article)

Mortgage Servicing News

| November 01, 2004 | COPYRIGHT 2004 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Calling the Bush administration's bluff, Rep. Barney Frank, D-Mass., said there would be a "firestorm" if the administration blocked or limited Fannie Mae and Freddie Mac from issuing debt to fund their operations and growth.

"I think they would run into an absolute firestorm if they did that," Rep. Frank told a Federal Home Loan Bank forum here.

Treasury Department officials began to ...

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Source: HighBeam Research, Frank: GSE Limits Would Roil Market.(government-sponsored...

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