WASHINGTON -- Fannie Mae and Freddie Mac, the giant mortgage concerns, are coming under fresh regulatory scrutiny in the wake of the Orange County derivatives debacle.

The Office of Federal Housing Enterprise Oversight, which monitors the safety and soundness of the two secondary-market players, is asking for a detailed accounting of how Fannie and Freddie ensure that the risks of their derivatives are disclosed to investors.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.