White House Plans to Phase Out Fannie And Freddie
February 09, 2011 at 10:48 AM EST
More than two years after the government seized Fannie Mae (FNMA) and Freddie Mac (FMCC), the Obama administration will recommend phasing out the housing-finance giants and gradually reducing the govt’s footprint in the mortgage market, according to people familiar with the matter. The administration is expected to include three options for a post-Fannie and Freddie [...]