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Article: Mortgage Scene: The GSE/FM Watch Battle: A First-Quarter Review.(Federal National Mortgage Association and Federal Home Loan Mortgage Corp.)(Brief Article)
- Article from:
- Mortgage Servicing News
- Article date:
- April 1, 2002
CopyrightCOPYRIGHT 2002 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In the wake of Sept. 11, the FM Watch/GSE skirmish had died down a bit. After all, with the U.S. economy in a recession and the nation grieving over the tragedy, who in their right mind would slam two pillar's of the U.S. housing finance system?
But, of course, that was then and this is now. Not too long ago, FM Watch operatives convinced the Wall Street Journal editorial board to write two negative editorials slamming Fannie Mae and Freddie Mac, questioning (among other things) their use of derivatives. (GSE partisans say that every time the Journal slams Fannie and/or Freddie, the person responsible for planting the story gets a bonus.)
The GSEs - ...