Read
- Microsoft unveils Xbox One with Spielberg, Activision tie-up
- Whole neighborhoods razed by Oklahoma tornado that killed 24
|
- White House threatens veto of bill to bypass Obama on Keystone
- Russia moves closer to jail terms for offending religion
- Senate panel passes immigration bill; Obama praises move
Sponsored Links
US Treasury uncaps credit line for Fannie, Freddie
WASHINGTON |
WASHINGTON Dec 24 (Reuters) - The Obama administration pledged on Thursday to back beleaguered mortgage finance giants Fannie Mae and Freddie Mac no matter how big their losses may be in the next three years.
Treasury also said it would not require, nor expect, the two agencies to reduce the size of their mortgage-related investment portfolios next year, as they had previously been required to do. (Reporting by Corbett B. Daly and Emily Kaiser; editing by neil.Stempleman)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.
Follow Reuters