Don’t know if anyone has posted this yet, but this blogger calls BS on this story.
http://www.calculatedriskblog.com/2010/08/nonsense-rumor-on-fannie-and-freddie.html
Yeah, I saw that one, too.
Zero Hedge says otherwise though, and cites a Friday FHA release- although the effect of the program may be limited:
http://www.zerohedge.com/article/rumors-news-news-rumors