Mortgage giants Fannie Mae, Freddie Mac Lower on Greenspan Speech - 2004-02-24
Shares of Fannie Mae and Freddie Mac were slightly lower Tuesday after Alan Greenspan threw his support for more regulation of the mortgage giants.

Fannie Mae was recently down $1.54, or 2%, to $77.36, while Freddie Mac was off $1.10, or 1.7%, to $62.83. Both shares are still trading near the top of their 52-week range following the big runup in financial stocks around the turn of the year.
Read the full story at TheStreet.com

FTC Testifies on its Actions to Fight Unfair and Deceptive Subprime Lending - 2004-02-24
The Federal Trade Commission has been devoting time and resources to protect consumers from illegal lending practices through enforcement actions and consumer education.

According to the testimony, subprime lending has increased dramatically in recent years. The increase in subprime mortgage lending is part of a broader trend in this country of increasing availability of credit to people that in the past could not qualify for it.
Read the full story at Federal Trade Commission