"Freddie Mac Tightens Home-Lending Rules" – Washington Post

In a February 28 article "Freddie Mac Tightens Home-Lending Rules", the Washington Post reports on Freddie Mac's announcement that it plans to toughen its standards and stop buying certain types of risky loans that have been linked to a high number of delinquencies and defaults. The article notes praise from Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate Committee on Banking, Housing and Urban Affairs, who called on Fannie Mae and the Federal Home Loan Banks to follow Freddie Mac's lead. "This is a responsible standard that ensures that these borrowers will have the ability to repay their loans, thereby protecting their home equity," Dodd said in a statement.