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The Treasury announced Thursday it was removing the caps that limited the amount of available capital to the companies to $200 billion each.

DJ Freddie Report: 'Steady Freddie' Tone Came From Brendsel . WASHINGTON (Dow Jones)--The report by the law firm of Baker Botts to the board of Freddie Mac said "it was understood throughout the organization that the tone of 'steady Freddie' came from its chief executive officer," Leland Brendsel. The report said employees in business units "were expected to take actions that would help achieve the goal of steady, nonvolatile earnings growth." It said the board was aware of this strategy but that the flow of information was controlled by Brendsel, whose resignation was accepted by the board last month, and...

Fannie Says It's 'Troubled' By OFHEO Disclosure Proposal By John Connor of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Fannie Mae (FNM) is "troubled" by a proposal made by its regulator to facilitate the process whereby Fannie Mae and Freddie Mac (FRE) voluntarily register their common stock with the Securities and Exchange Commission. The two mortgage finance giants agreed last July 12 to voluntarily register their common stock with the SEC pursuant to the 1934 Securities Exchange Act, and Fannie Mae earlier this week filed its Form 10 registrations statement and initial Form 10-K annual report with the SEC. The Office of...

BEFORE THE BELL-2: Freddie Mac Fires Op Chief; CFO Leaves Freddie Mac (FRE) shares were down after announcing management departures and bad news about earnings restatements early Monday. The mortgage-finance company's chief financial officer, Vaughn Clarke, will resign, and the company's chief operating officer and president, David Glenn, has been fired due to questions about his honesty to the company's audit committee counsel. Freddie Mac also said earlier restatements for fiscal 2000, 2001 and 2002 results will likely be completed by late in the third quarter. Shares fell to $50.60, down 15%, or $9.27, from their Friday close of $59.87....