June 13, 2019 / 7:48 PM / 3 months ago

U.S. housing finance chief says Congress should create explicit guarantee for Fannie, Freddie

WASHINGTON, June 13 (Reuters) - The head of the U.S. Federal Housing Finance Agency said on Thursday that Congress should create an explicit guarantee for government-sponsored enterprises Fannie Mae and Freddie Mac.

“The explicit guarantee should be limited, clearly defined, and paid for,” Mark Calabria told an audience in Washington.

“I will take whatever actions I can to fulfill these responsibilities and I will continue working closely with Congress to make the system more resilient and stable through the cycle.” (Reporting by Katanga Johnson; Editing by Peter Cooney)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below