Fannie Mae Preferred S (FNMAS)

[stockanalyze]

who is treasury to terminate hera programs? is hera administred by fhfa or treasury? and who is treasury to wind them down? is treasury calling shots here and clearly than fhfa?


WASHINGTON – Today, the U.S. Department of the Treasury provided an update on initiatives established under the Housing and Economic Recovery Act (HERA) of 2008, which supports housing market stabilization and provides relief to struggling homeowners. As part of a commitment to wind down programs that were established during the crisis and are no longer critical to financial stability, Treasury will terminate several HERA programs at the end of the year. Treasury will also amend the terms of its agreements with Fannie Mae and Freddie Mac to support their ongoing stability. The steps outlined today are necessary for preserving the continued strength and stability of the mortgage market.


http://www.treasury.gov/press-center/press-releases/Pages/2009122415345924543.aspx