GSE strategic plan disappoints

GSE strategic plan disappoints

Category: RMBS

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FHFA acting director Edward DeMarco yesterday sent Congress a strategic plan for the next phase of the conservatorships of Fannie Mae and Freddie Mac. However, it appears not to be the concrete plan of action that some were hoping for.

The FHFA plan builds on DeMarco's February 2010 letter to Congress on the conservatorships and sets forth objectives and steps that it will take to meet its obligations as conservator.

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