We have reviewed a new CBO report that outlines the Administration’s key choices for restructuring Fannie Mae and Freddie Mac. Consistent with CBO practice, the report is noncommittal, but it lays a lot of pipe for a hybrid public-private model in which many firms – not just a few – could bid to securitize mortgages with an explicit federal guarantee for catastrophic risk.


The full report is available to subscription clients.  To find out how you can sign up for the service, click here.