MORTGAGE MARKET

摘要

Reuters reports that Fannie Mae and Freddie Mac will form a joint venture for securitizing home loans that could end up replacing the two government-controlled mortgage finance giants, their regulator said on Monday."The overarching goal is to create something of value that could either be sold or used by policymak-ers as a foundational element of the mortgage mar-ket of the future," Edward DeMarco, acting director of the Federal Housing Finance Agency, told the National Association for Business Economics.