OFHEO, Fannie Mae and Freddie Mac announce increase in mortgage market liquidity in Washington

Richard Syron, chairman and CEO of Freddie Mac, speaks at a press conference announcing that Freddie Mac, Fannie Mae, and the government Office of Federal Housing Enterprise Oversight (OFHEO) will increase liquidity into the U.S. mortgage market in Washington on March 19, 2008. The initiative is expected to provide up to $200 billion of immediate liquidity to the mortgage-backed securities market. (UPI Photo/Kevin Dietsch)