By now, the Obama administration was supposed to have a plan to reform Fannie Mae and Freddie Mac, the “government-sponsored” mortgage finance enterprises (GSEs) that have been under federal control — and absorbing $126 billion in federal cash — for the past 19 months. But last week Treasury Secretary Timothy F. Geithner told the House Financial Services Committee that all he can promise is a “public comment” period starting April 15, in which the various housing interest groups — and there are a lot of them — can submit their ideas. Thereafter, at an unspecified “time of greater market stability,” legislation can be drafted, introduced and passed. In short, after a year of discussion, Mr. Geithner promises more discussion.
Fannie maybe
Most Popular Articles
Latest Articles
Key housing markets are starting to buck national trends: Redfin
Some markets in Texas and Florida that have experienced outsized growth in demand are now showing signs of a pullback.
-
Median payment on purchase mortgage applications rises to $2,201: MBA
-
HUD, USDA reach accord on energy-efficiency standard for new construction
-
U.S. mortgage delinquency rates remain near historic lows: CoreLogic
-
HomeServices settles commission lawsuits for $250M
-
Kristen Sieffert leads the reverse mortgage presence at The Gathering