WASHINGTON — More than $20 billion has been paid by sellers to Fannie Mae and Freddie Mac to cover loan losses, and the outgoing chairman of the Federal Deposit Insurance Corp. is warning of further repurchase costs. The chairman of the Federal Reserve Board, meanwhile, warned of possible dire consequences if the budget ceiling isn’t raised.
This wire news service story is no longer available.
However a copy might still be available at www.marketwatch.com