Treasury & Its Allies Imprison Fannie Mae & Freddie Mac With Math That Doesn't Add Up

Treasury And Its Allies Imprison Fannie Mae And Freddie Mac With Math That Doesn't Add Up

It was quite a week on the question of recapping and releasing Fannie Mae and Freddie Mac. The main takeaway is that Treasury and its allies are more dug in than ever in opposing the end of the conservatorship.

First, it seemed too good to be true and it was. Mortgage Bankers Association President and CEO David H. Stevens had a lot of good things to say about the vital role Fannie Mae and Freddie Mac play in the housing system in a commentary published by Housing Wire last week, in which he praised Federal Housing Finance Agency Director Mel Watt to calling for...