In remarks last night, a senior Treasury official said she couldn’t see a way out of the GSEs’ conservatorship, troubling though it is. But, a FinServ hearing yesterday reiterated the good-GSE/bad-GSE option, one we’ve long thought could under current law help to get the housing market out of the mess resulting from the prolonged paralysis forced by the conservatorship.
The full report is available to subscription clients. To find out how you can sign up for the service, click here.