And then the plan avoided any specifics about how they would reform the companies, so it became just another case of talking about reform.
It seems that the only person thinking about the future of the GSEs is Edward DeMarco, acting director of the Federal Housing Finance Agency, the regulator and conservator of Fannie and Freddie.
Earlier this year, the FHFA drew up a strategic plan for the next phase of conservatorship that sought to build a new infrastructure for the secondary mortgage market, reduce the enterprises' dominant presence in the market place and maintain foreclosure prevention activities and credit availability.
On Thursday, the FHFA invited public comment on a proposed framework for a common securitization platform and a model pooling and servicing agreement.Maybe in another four years. -- Written by Shanthi Bharatwaj in New York.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV