Treasury says it will back Fannie Mae (FNM) and Freddie Mac (FRE) no matter how big their losses...

|About: Freddie Mac (FMCC)|By:, SA News Editor

Treasury says it will back Fannie Mae (FNM) and Freddie Mac (FRE) no matter how big their losses in the next three years, removing previous caps of $200B each. Treasury also said it will not require nor expect the GSEs to reduce the size of their mortgage-related investment portfolios next year, as they had previously been required to do. (FHFA statement)