WASHINGTON — Long criticized for their excessive leverage, the balance sheets at Fannie Mae and Freddie Mac will explode this quarter as they account for mortgage loans worth trillions.

The government-sponsored enterprises are being hit hard by a rule released last summer by the Financial Accounting Standards Board requiring companies to bring securitizations onto their balance sheets.

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.