Fannie Mae has posted a fourth quarter loss of $3.6 billion. Luckily, the Office of Federal Housing Enterprise Oversight has just announced that it is lifting the caps on its portfolio, allowing Fannie Mae and Freddie Mac to lose money on an even more spectacular scale. Meanwhile, S&P states the obvious: more people missing their housing payments means lower credit quality on mortgage backed securities.
We want to hear what you think about this article. Submit a letter to the editor or write to firstname.lastname@example.org.