Fannie Mae-No Politics (FNMA)

[mikoli007]

Michael Stegman, the Treasury’s counselor to the secretary for housing finance policy, commented at a Goldman Sachs conference today that the Obama administration thinks Fannie and Freddie should wind down mortgage investment portfolios more quickly than they are currently doing. The two entities also created new kinds of securities that they sell to private investors to unload some of their mortgage credit risk, which the administration thinks should also increase. /quote]


This is a very encouraging paragraph, IMO.