Fannie, Freddie need explicit government guarantee, securities industry group says
July 12, 2019 at 15:19 PM EDT
A securities industry group has put the government on alert that any effort to release Fannie Mae and Freddie Mac from conservatorship must have a spelled-out government guarantee, arguing that an implied backstop won’t be enough, as it was in 2008, and will cause investors to flee the market for mortgage-backed securities.
