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Federal Home Loan Mortgage Corporation Message Board

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  • robchadwick robchadwick Dec 27, 2009 10:11 PM Flag

    Reason behind uncapping Feddie and Fannie

    The reason they uncapped it is because they had until Dec 31st 2009 to do so without congressional approval.

    The administration simply wanted to again have the flexibility to do whatever the hell they "need" to do in light of the financial crisis without seeking congressional approval.

    This is not huge news, it's not a big surprise - FRE/FNM share price will bump up on Monday, but it'll continue to be a rocky ride in the coming months, especially as the administration comes up with new programs to stem foreclosures using FRE/FNM.

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