On Friday, a key Treasury official on the housing/GSE beat updated work in this area. So far, no news or, apparently, anything much new on the Treasury GSE policy Secretary Geithner promised for a spring now turning towards the summer solstice. But, if Treasury does do something, then the speech – from counselor Michael Stegman – indicates that, as we have forecast, it will be a variation on option number 3 in the 2011 white paper.

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

.