FHFA Rejects U.S. Treasury Request for Mortgage Debt Writedowns

FHFA Rejects U.S. Treasury Request for Mortgage Debt Writedowns

Jacob Kepler/Bloomberg

Fannie Mae and Freddie Mac have together drawn almost $190 billion in Treasury aid since they were taken under U.S. conservatorship in 2008 when they were on the brink of insolvency due to investments in risky loans.