June 13, 2019
WASHINGTON (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)