News

Lowered Ratings Hit Fannie Mae, Freddie Mac and other Lenders

Standard & Poor’s lowered credit ratings today for Fannie Mae, Freddie Mac and other lenders backed by the federal government. The U.S.-sponsored mortgage finance companies were lowered one step from AAA to AA+.

Read more here, from the Los Angeles Times:

S&P lowers Fannie, Freddie citing reliance on U.S. government