Spreads also moved in on the back of higher global equities, with the benchmark Hang Seng index opening 1.07% higher at 21,973.58 at the beginning of trade yesterday.
Portfolio restrictions were imposed on both Fannie Mae and Freddie Mac in 2006, following accounting irregularities. Should these restrictions be lifted, the government-sponsored enterprises would be in a position to buy more loans, and thus boost demand for mortgages, helping to ease the crunch in the US credit markets.
For the...
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