After all, the American mortgage market is one of the most regulated parts of finance anywhere: dominated by two governmentsponsoredagencies, Fannie Mae and Freddie Mac, and guided by congressional schemes to increase home-ownership.
ECONOMIST: The world economy
2.
The bank had agreed to repurchase bum loans it sold to the government-sponsored agencies, which are now demanding more for the loan repurchases than Bank of America had projected.
FORBES: The Summer Of Reckoning For Bank Of America
3.
Democratic Senator Charles Schumer of New York says it would help if the government-sponsored agencies were allowed to hold more mortgages on their books, something the Bush administration has been reluctant to permit.