Cooperative Model Could Provide Easier Transition Out of Conservatorship for Fannie and Freddie
November 19, 2010
Converting Fannie Mae and Freddie Mac to cooperatives owned by mortgage originators that use them for securitization services could lead to a more stable and risk-averse secondary mortgage market, according to the Government Accountability Office. In a follow up to an earlier review of GSE reform options, the GAO said...