Mortgage Companies’ Policies to Be Reviewed

The federal agency that regulates Fannie Mae and Freddie Mac plans to review the companies’ financial disclosure policies, and will bring in Securities and Exchange Commission staff to help.

The Office of Federal Housing Enterprise Oversight will compare the disclosure policies and practices of the companies, the largest buyers of home mortgages, to other publicly traded companies.

The goal is to ensure the companies’ financial disclosure practices “are at least comparable, if not better, where appropriate,” said Armando Falcon Jr., the office’s director. The agency may issue a report or seek to establish standards through a formal rule-making process after the review.