As Fannie-Freddie reform gets underway, here are the three big questions for the housing market
By Andrea Riquier
It’s been over a decade in the making, but an overhaul of Fannie Mae and Freddie Mac is finally in the cards. The acting head of Fannie’s and Freddie’s regulator, the Federal Housing Finance Agency, told employees that he was working with Treasury Secretary Steven Mnuchin to get the two mortgage companies, currently under government control, to “operate independently,” as first reported by MarketWatch earlier in January. …The 2008 law that put Fannie and Freddie into conservatorship in the first place specifies that the two companies must technically be liquidated if they are to exit government control, according to Karen Shaw Petrou, who runs financial services advisory Federal Financial Analytics.