(Reuters) - The second-largest U.S. home funding company agreed to curb
its purchases of mortgage assets after an accounting scandal,
while it works toward returning to timely financial reporting.
Freddie Mac estimated that its retained portfolio, as
measured to conform with GAAP accounting, was about $703.3
billion last month. That was below the $724.5 billion limit set
by the regulator, the Office of Federal Housing Enterprise
Oversight.
Read more at Reuters.com Bonds News
its purchases of mortgage assets after an accounting scandal,
while it works toward returning to timely financial reporting.
Freddie Mac estimated that its retained portfolio, as
measured to conform with GAAP accounting, was about $703.3
billion last month. That was below the $724.5 billion limit set
by the regulator, the Office of Federal Housing Enterprise
Oversight.
Read more at Reuters.com Bonds News
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