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

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