US Treasury uncaps credit line for Fannie, Freddie

WASHINGTON Thu Dec 24, 2009 2:32pm EST

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)

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