James Lockhart: Plans for Fannie Mae and Freddie Mac

                                              Statement by James Lockhart, director of the Office Of Federal Housing Oversight(OFHEO, who will head the Federal Housing Finance Agency (FHFA) being created to oversee mortgage bankers Fannie Mae and Freddie Mac.
Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500) share the critical mission of providing stability and liquidity to the housing market. [...]