Fannie Mae, Freddie Mac Reform: Pressure From The Left

Speaking today at the five-year anniversary summit for the Making Home Affordable program, Treasury Secretary Jack Lew announced that HAMP would be extended for at least another year through the end of 2016, among other policy moves meant to bolster the housing market, and urged Congress to pass legislation reforming Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC).

“It is time for Congress to pass housing finance reform,” said Lew. “The work in the Senate Banking Committee was an important milestone...