New Regulator Named for Fannie, Freddie; Debt Sales Also in Spotlight

Published on:
12 September 2006 at 10:21 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00010572-new-regulator-named-for-fannie-freddie-de/

Yesterday, President Bush nominated the current deputy commissioner of the Social Security Administration, James Lockhart, to head the Office of Federal Housing Enterprise Oversight, or OFHEO, the agency that oversees Fannie Mae and Freddie Mac.

Also on Thursday, new Fed Chairman Ben Bernanke said that the Treasury Department will consider limiting the bonds that the mortgage giants sells if Congress cannot effectively limit the investments the companies have in force, according to a story by Reuters.

For this complete story, please visit New Regulator Named for Fannie, Freddie; Debt Sales Also in Spotlight.