White House Plans to Phase Out Fannie And Freddie

By Feb 9, 2011, 10:48 AM Author's Blog  

More than two years after the government seized Fannie Mae (FNMA) and Freddie Mac (FMCC), the Obama administration will recommend phasing out the housing-finance giants and gradually reducing the govt’s footprint in the mortgage market, according to people familiar with the matter. The administration is expected to include three options for a post-Fannie and Freddie world when it releases a long-awaited proposal for the future of the nation’s $10.6 trillion mortgage market, which could come as soon as Friday. – The WSJ

  • SHARE:
  • Share on StockTwits


SPY200.14  chart-0.11  chart -0.05%
GOOG569.20  chart-1.80  chart -0.32%
AAPL102.25  chart+0.12  chart +0.12%
TSLA263.86  chart+0.61  chart +0.23%
BBRY10.26  chart-0.05  chart -0.48%
NFLX475.21  chart+0.51  chart +0.11%
FB73.855  chart-0.775  chart -1.04%

Nikkei15365.08  chart-94.78  chart -0.61%
Shanghai2205.785  chart+9.967  chart +0.45%
UK6805.80  chart-24.86  chart -0.37%
France4366.04  chart-29.22  chart -0.66%
Germany9462.56  chart-107.15  chart -1.12%