Industry NewsMortgage

Six options seen for Fannie, Freddie

GSEs not part of proposed overhaul of financial regulation
Published on Jun 17, 2009

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by CareyBot

Fannie Mae and Freddie Mac are likely to remain in government conservatorship until at least next year, the Obama administration indicated today in unveiling a sweeping plan to overhaul the financial regulatory system.

The mortgage giants' "continued stability and strength" is needed during "these difficult financial times," the administration said in a report outlining the plan.

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