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James Lockhart
’Fannie and Freddie’s uncertain future
The future of those historic linchpins of the US housing market, Fannie Mae and Freddie Mac, is looking increasingly uncertain.
Consider these two separate – though perhaps not unrelated – pieces of news.
Paulson: OFHEO not strong enough to handle Fannie and Freddie
It can’t have been an easy couple of days for James Lockhart, director of the Office of Federal Housing and Enterprise Oversight, which regulates Fannie and Freddie.
The government sponsored entities have gone swiftly from being “adequately capitalised”