Tuesday, February 21, 2012

FHFA releases plan for next phase of conservatorship of Fannie and Freddie

by Ethan Handelman, National Housing Conference

FHFA today released its plan for the “next phase of conservatorship” of Fannie Mae and Freddie Mac. The plan outlines steps the agency will take to build infrastructure for mortgage securitization, gradually wind down Fannie and Freddie, and maintain foreclosure prevention and credit availability activities. The report frames the plan as creating a new secondary mortgage market consistent with all three options for mortgage finance reform outlined by Treasury last February.

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