Freddie Mac-No Politics (FMCC)

[SiG]

Nope, I think you're wrong. Maybe the negative spin WBJ put on the article threw you.

"The regulator overseeing major mortgage finance sources Fannie Mae and Freddie Mac on Monday said it filed legal paperwork to create a common platform for the two firms to issue mortgage-backed securities."

Doesn't look to me like they're "putting themselves out of business" at all. Looks to me like they might even be expanding. They are going to combine some of their GSE stuff into one company. Doesn't say anything about going out of business. If anything this tells me they know they are coming out of C-ship soon.


http://finance.yahoo.com/news/us-regulator-names-firm-could-204454764.html