Thank you for sharing!

Your article was successfully shared with the contacts you provided.

WASHINGTON, DC-The Obama Administration is considering an overhaul of Fannie Mae and Freddie Mac, according to a breaking story at the Washington Post.

Key to the plan would be a so-called bad bank–a repository for toxic or non-performing assets which has been considered for other government initiatives as well but yet to be implemented. The approach was confirmed by James B. Lockhart III, director of the Federal Housing Finance Agency, who announced his resignation on Wednesday.

Reportedly the plan was first seriously considered earlier this year and is now entering more substantive planning.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.