Creating a backstop, however, introducing more private capital into the market and taking the taxpayers off the hook.”
AKA. LETTING THEM RECAPITALIZE
This could be I believe a good victory either in the lame duck session or more realistically perhaps in the next term of Congress where there is bipartisan support for housing finance reform, for doing away with Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) as we have known them.
AKA. WE HAVE KNOWN THEM TO BE IN CONSERVATORSHIP
Castro said reforming the mortgage finance system would be a “priority” for the administration over the next two years: “This could be I believe a good victory either in the lame duck session or more realistically perhaps in the next term of Congress where there is bipartisan support for housing finance reform, for doing away with Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) as we have known them. Creating a backstop, however, introducing more private capital into the market and taking the taxpayers off the hook.