"Bank of America Merrill Lynch analysts say there are rumors the Treasury Department will recommend an explicit guarantee from the government for Fannie Mae mortgage-backed securities in its white paper due out in February.
The Dodd-Frank Act called for the Obama administration to release a plan for the future of the government-sponsored enterprises by Jan. 31, but The Wall Street Journal reported over the weekend that the deadline may be pushed back to the middle of February. There is much debate within Congress on how much of a role the government should play in the future of housing finance, specifically whether or not taxpayers should support securities if they go bad..."
at http://www.housingwire.com/2011/01/24/more-rumors-surface-of-future-explicit-guarantee-on-fannie-mae-mbs?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
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