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Could GSEs Take$16 Billion Hit?
Washington -- Fannie Mae and Freddie Mac could write down the value of their subprime and alt-A securities by as much as $16 billion in the fourth quarter, according to a report issued by Credit Suisse.
CS analyst Moshe Orenbuch estimates that Freddie's charge could be as high as $11 billion, Fannie's $5 billion.
Mr. Orenbuch said the GSEs, through September, have recognized "minimal impairments" on their roughly $230 billion in subprime and alt-A holdings.
Both GSEs declined to comment on the CS report. Fannie and ...
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Source: HighBeam Research, Could GSEs Take$16 Billion Hit?