Relevant:
- Fannie, Freddie May Draw $363 Billion, FHFA Says
- White House Must Free Fannie Mae, Freddie Mac On Principal Reduction, Remove Ed DeMarco
- Fannie, Freddie Have `Explicit Guarantee,' FHFA Says
- U.S. to aid some local mortgage programs
- Swiss UBS paying $885M to settle US claims over sales of mortgage bonds to Fannie, Freddie
2010-01-16 — seekingalpha.com
Fannie (FNM) issued an 8k yesterday confirming what Mike DeMarco at FHFA said Thursday regarding the Agencies' involvement with a new program to finance home construction.
Basically Fannie and Freddie (FRE) are going to be the new bankers for HFA (Housing Finance Agency ). Treasury is buying the debt for this, so the taxpayers are at risk. It is not that big a deal, yet. It starts out with a modest $28b.
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