Fannie Mae, Freddie Mac: OCED Weighs In On Crapo-Johnson

In its recent annual survey on member nations’ economies, the Organization for Economic Cooperation and Development (OECD) briefly weighed in on Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reform, recommending that the US government reduce its involvement in the secondary mortgage market and noting that the Crapo-Johnson proposal would make an explicit government guarantee that is almost unheard of among OECD nations. ‘Fannie Mae, Freddie Mac reform is needed to lower risk’: OECD “Recent stress tests mandated by the Dodd-Frank Act have suggested that [Fannie Mae / Federal…