Conversion of Fannie and Freddie to Publicly Held Companies, New Lending for Renters who Have Inconsistent Incomes
The federal government, under the Federal Housing Finance Administration, has proposed, after six to eight months of work, the complete restructuring of Fannie and Freddie, in the effort to get them off the balance sheet of the federal government, and to end the implied 100% guarantee of everything they do in the mortgage market.