Fannie Mae Preferred S (FNMAS)

[skibrian]

Black Rock on GSE Reform:

http://www.reuters.com/article/2012/12/12/us-usa-housing-blackrock-idUSBRE8BB1RR20121212?feedType=RSS&feedName=PersonalFinance&rpc=43

The GSEs should continue to exist but should be downsized, have more conservative underwriting standards and should provide government guarantees for a fee, Novick said.

She declined to comment on another possible risk to housing: possible changes to the federal tax deduction on mortgage interest.

The deduction is estimated to cost the Treasury about $100 billion a year and may be restricted by politicians looking for ways to reduce the deficit without triggering $600 billion of automatic tax hikes and spending cuts at year end.