RSS Feed by Calculated Risk on 1/21/2011 09:17:00 PM
Friday, January 21, 2011
Report: Fannie-Freddie Report to be released mid-February
From Nick Timiraos at the WSJ: Fannie-Freddie Report Likely to Be Late
The administration now plans to release the report by mid-February ... once a final report is released it is likely to contain two or three proposals for what should replace Fannie and Freddie ...There is no easy solution. Some limited and explicit guarantee is probably what will happen.
One of the proposals will outline a way for the government to continue backing certain mortgage-backed securities, while another will discuss how to structure a market with no government guarantees. ... any transition period could take between 15 and 20 years, according to Barclays.
