(Reuters) - WASHINGTON, July 13 - The regulator for mortgage
finance companies Fannie Mae and Freddie Mac
said on Friday it had told them not to buy mortgages that do
not conform to consumer protection standards set by bank
supervisors.
The Office of Federal Housing Enterprise Oversight told the
companies to avoid loans that do not meet standards set by bank
regulators in recent notices aimed at curbing dangerous
subprime loans to borrowers with damaged credit.
Read more at Reuters.com Bonds News
finance companies Fannie Mae and Freddie Mac
said on Friday it had told them not to buy mortgages that do
not conform to consumer protection standards set by bank
supervisors.
The Office of Federal Housing Enterprise Oversight told the
companies to avoid loans that do not meet standards set by bank
regulators in recent notices aimed at curbing dangerous
subprime loans to borrowers with damaged credit.
Read more at Reuters.com Bonds News
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