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Fannie-Freddie CEOs Tout Do-It-Yourself Housing Finance Overhaul

Bloomberg, By Clea Benson

The top executives of Fannie Mae (FNMA:US) and Freddie Mac, brought in to be stewards until the government figures out how to shut them down, are increasingly sounding like they think the two companies should continue to exist.

Timothy J. Mayopoulos of Fannie Mae and Donald Layton of Freddie Mac today both pointed to steps they’re taking to boost stability and competition in the mortgage market, while stopping short of urging lawmakers to drop plans for an overhaul that would put them out of business.

Read the full article here: Fannie-Freddie CEOs Tout Do-It-Yourself Housing Finance Overhaul