The regulator and conservator of Fannie Mae and Freddie Mac is warning that the agency will not allow the pair of companies to run out of capital.

It has been nearly nine years since the two secondary mortgage lenders were forced into conservatorship by the Federal Housing Finance Agency.

Melvin L. Watt says that the regulator has responsibly balanced and met FHFA’s multiple statutory mandates to manage the GSEs’ day-to-day operations.

Source: Mortgage Daily