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:


Our Partners:

SPY184.20  chart+1.2599  chart +0.69%
GOOG536.44  chart+3.92  chart +0.74%
AAPL517.9599  chart-3.7201  chart -0.71%
TSLA193.91  chart-4.18  chart -2.11%
BBRY7.21  chart+0.07  chart +0.98%
NFLX326.27  chart-5.31  chart -1.60%
FB59.09  chart+0.20  chart +0.34%

DJIA Fut0.00  chartN/A  chartN/A
Nasdaq Fut0.00  chartN/A  chartN/A
S&P Fut0.00  chartN/A  chartN/A
Oil Fut0.00  chartN/A  chartN/A
Gold Fut0.00  chartN/A  chartN/A

Nikkei14417.68  chart+420.87  chart +3.01%
Shanghai2105.122  chart+3.521  chart +0.17%
UK6592.60  chart+50.99  chart +0.78%
France4394.51  chart+49.16  chart +1.13%
Germany9251.97  chart+78.26  chart +0.85%