Regulator of Fannie Mae and Freddie Mac rebuffs the Obama Administration

The New York Times reported this morning that the Obama administration has been rebuffed by the head of the agency that regulates and operates Fannie Mae and Freddie Mac. It is amazing that Fannie and Freddie have become the most difficult lenders to work with of all of them. None are great, but Fannie and Freddie are the worst.

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