Fannie,Freddie The Focus Of Admin's New Mortgage Plan-Report
08 Februar 2009 - 9:00PM
Dow Jones News
The Obama administration is working on a new mortgage rescue
plan, which could see Fannie Mae (FNM) and Freddie Mac (FRE) offer
lower payments to hundreds of thousands of loan holders, Reuters
reports on its Web site Sunday, citing "sources familiar with the
plan." According to the report, officials from the Treasury
Department and the Department of Housing and Urban Development were
working with Fannie and Freddie's regulators to determine the
parameters of the new plan. The hope within the administration is
that the plan would act as a spur to encourage other finance
companies to follow its lead, Reuters said. Full story at
http://www.reuters.com/article/newsOne/idUSTRE5171EV20090208
Dow Jones Newswires; 201-938-4370