Fannie Mae-No Politics (FNMA)

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GSE Reform Remains Important Policy
Ike Brannon is a senior fellow at the Jack Kemp Foundation

The novel coronavirus has wreaked havoc with financial markets and forced the Federal Reserve to resort to extraordinary measures to provide liquidity and ensure that markets do not seize up and exacerbate an already-difficult economic situation.

The timing of the Fed's intervention has proven to be somewhat unfortunate, at least from the perspective of housing finance policy, as it occurred shortly before the Federal Housing Finance Agency planned propose a rule that would allow Fannie Mae and Freddie Mac, the government-sponsored entities that help inject liquidity the housing market by purchasing, packaging, and then selling the mortgage-backed securities, to retain capital and begin to take steps towards leaving their government conservatorship.

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https://www.forbes.com/sites/ikebrannon/2020/04/01/gse-reform-remains-important/#3663918849ca