Mon, May 28, 2012, 11:11 AM EDT - U.S. Markets closed for Memorial Day

FHFA told to limit Freddie, Fannie legal costs, Reuters reports

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SymbolPriceChange
FNMA.OB0.272-0.00
FMCC.OB0.275-0.00

The inspector general of the Federal Housing Finance Agency says Fannie Mae (FNMA) and Freddie Mac's (FMCC) escalating costs for their legal expenses needs to be limited because there is no end in sight to the widening taxpayer tab keeping the two firms afloat, reports Reuters.

 

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