MBS Market Gets Reprieve From Potential Fire Sale of GSE Assets As Treasury Steps Up Big for Fannie, Freddie
January 8, 2010
Although Fannie Mae and Freddie Mac are technically expected to begin dismantling their massive retained portfolios of whole loans and MBS this year, a revised conservatorship plan unveiled by the Obama administration effectively allows the government-sponsored enterprises to gain weight while they go on a diet. Under the original conservatorship scheme, the GSEs were supposed to reduce...