FHFA Notes Fannie Mae and Freddie Mac Improvements in New 2012 Report

The Federal Housing Finance Agency in its 2012 report to Congress tagged Fannie Mae (OTCBB:FNMA) and Freddie Mac (OTCBB:FMCC) as ‘significant concerns’ in the earnings category, an upgrade from a ‘critical concerns’ rating in 2011.   According to FHFA’s report, the conservatorships of Fannie Mae (OTCBB:FNMA) and Freddie Mac (OTCBB:FMCC), which began in September 2008, combined with U.S. Treasury financial support and management actions, have stabilized the Government Sponsored Enterprises. However they face key challenges such as ongoing stress in the nation’s housing markets, a challenging economic environment, and the need to implement the FHFA Strategic Plan for Enterprise Conservatorships….