Sunday, August 18, 2013

Freddie Mac tightened its lending standards and became profitable

See Freddie Mac 2nd-Quarter Profit up 65% By Nick Timiraos and Saabira Chaudhuri of the WSJ.
"Freddie Mac has returned to profitability in large part because it has sharply tightened its lending standards, meaning that riskier loans from the housing bubble are being replaced with much safer mortgages."

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.