Fannie Mae, Freddie Mac: OCED Weighs In On Crapo-Johnson

In its recent annual survey on member nations’ economies, the Organization for Economic Cooperation and Development (OECD) briefly weighed in on Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reform, recommending that the US government reduce its involvement in the secondary mortgage market and noting that the Crapo-Johnson proposal would make an explicit government guarantee that is almost unheard of among OECD nations.

‘Fannie Mae, Freddie Mac reform is needed to lower...

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