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FHFA Releases Letter on the Status of the Conservatorship of Fannie Mae and Freddie Mac

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Acting Director Edward J. DeMarco sent the following letter to
Chairmen Frank and Dodd and Ranking Members Bachus and Shelby regarding the conservatorship of Fannie Mae and Freddie Mac.

  • “The first part of the letter will review the establishment and purposes of the conservatorships, and how the conservatorships are operating. FHFA is focused on conserving the Enterprises’ assets and meeting the goals of the conservatorship. The second part of the letter describes FHFA’s views on the future direction of the Enterprises’ business activities while they are in conservatorship, particularly: loan modifications and mitigating credit losses; retained portfolio; new products; and affordable housing mission.”
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