Big Changes at Fannie/Freddie, Is Conservatorship Nearing an End?

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Posted To: MND NewsWire

MarketWatch is reporting that Federal Housing Finance Agency (FHFA) along with Treasury and other parts of the administration are about to reveal a plan to end the 10-year plus conservatorship of the two GSEs Fannie Mae and Freddie Mac. Joseph Otting, who is keeping the FHFA director’s seat warm until former director Melvin Watt’s replacement is confirmed, is said to have told a full FHFA staff meeting on Thursday that there should be a blueprint announced in about a week. An FHFA spokesperson confirmed that a plan was at the meeting discussed but said there were no details or timelines proposed. MarketWatch quoted the spokesperson as saying, “Acting Director Otting held the internal meeting to meet FHFA staff and establish open lines of communication. He mentioned, as he previously has, that…(read more)

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