(Bloomberg) -- Freddie Mac Treasurer Timothy
Bitsberger said the subprime mortgages slump is ``severe but
contained.''
While rising defaults on subprime loans have pushed at least
60 mortgage companies to close or sell their operations and
forced Bear Stearns Cos. to offer a $3.2 billion bailout for one
of two money-losing hedge funds, the number of borrowers
potentially affected is limited, Bitsberger said in a speech in
London today.
Read more at Bloomberg Bonds News
Bitsberger said the subprime mortgages slump is ``severe but
contained.''
While rising defaults on subprime loans have pushed at least
60 mortgage companies to close or sell their operations and
forced Bear Stearns Cos. to offer a $3.2 billion bailout for one
of two money-losing hedge funds, the number of borrowers
potentially affected is limited, Bitsberger said in a speech in
London today.
Read more at Bloomberg Bonds News
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