Friday, June 28, 2013 3:29:09 PM
http://www.cnbc.com/id/100852736
Article states that Freddie is about to test a program that reaches out to the private sector for MBS purchasing. One line that I like:
"It is also widely expected that Fannie Mae, the larger mortgage GSE, will come out with a similar and coordinated product very shortly."
Apparently they tried this once before and it failed miserably because of a lack of private sector support. In my opinion, they are setting up these programs to make it seem like they are working with the private sector for guaranteeing MBS. They will also say 'told you so!' when it fails miserably again, reinforcing FnF's need in the marketplace. It also hints that they are not going away ANYTIME soon.
Potentially very big news!
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