Exclusive outtakes from industry leaders
Audio – Strong regulator needed for Freddie, Fannie
A single, strong regulator is needed to oversee mortgage companies Fannie Mae and Freddie Mac, the head of the Office of Federal Housing Enterprise Oversight says. James Lockhart, director of OFHEO, describes his support for proposed legislation that would combine OFHEO and the Federal Housing Finance Board to oversee the trillion-dollar investments of Fannie and Freddie.
Lockhart spoke at the Reuters Regulation Summit in Washington.