Obama Administration Unveils New Housing Market Effort Treasury would begin purchasing securities from Fannie Mae (FNM) and Freddie Mac (FRE) backed by new housing bonds issued by the HSAs to fund their activities. In addition, Fannie and Freddie will launch temporary credit and liquidity facilities for the HSAs. The state agencies will pay a fee for access to both programs.
"We look forward to working with the Treasury Department, the Federal Trade Commission, the U.S. Department of Housing and Urban Development, the Columbus Housing Partnership, NeighborWorks(R) America and the other coalition members to close the door on mortgage fraud."
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