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Fannie and Freddie's Bailout Good News for Corporates

COLUMBUS, Ohio. -- It's a mixed bag for banks, but Fannie and Freddie's new Treasury backing is good news for corporates, who say it could even mean a rebound in the value of corporate-owned mortgage backed securities.

By Heather Anderson | Updated on September 09, 2008

COLUMBUS, Ohio. — It’s a mixed bag for banks, but Fannie and Freddie’s new Treasury backing is good news for corporates, who say it could even mean a rebound in the value of corporate-owned mortgage backed securities.

Banks invested heavily in the government sponsored entities’ preferred stocks and now face serious losses because the vehicles didn’t make the guarantee cut. And thanks to regulators, corporates steered clear of the mess.

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