Regulator of Fannie Mae, Freddie Mac sees risks ahead

04/16/2008 | CNBC

Fannie Mae and Freddie Mac remain exposed to serious risks but prepared well for these rocky times in the U.S. mortgage and housing markets, a federal regulator said. America's two largest sources of mortgage financing "need to raise additional capital" to protect themselves against losses, the Office of Federal Housing Enterprise Oversight said in its annual report to Congress.

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