Pappas Realty Co... "Commercial Real Estate...Exclusively" in Northeast Ohio since 1957

Monday, July 10, 2006

Mortgage giants avert potential disaster

By MARCY GORDON, AP Business Writer 34 minutes ago
WASHINGTON - A potential financial disaster that could have shaken the housing market was averted because regulators discovered accounting failures at Fannie Mae and Freddie Mac, the new head of the agency that oversees the mortgage giants said Monday.


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