Freddie and Fannie reform off the table this year

摘要

Freddie mac and fannie mae reported strong first-quarter earnings last week, helping to further push back concrete steps to reform the mortgage finance giants. "They are making money, so it's going to be very hard to rally support needed to reform them," said Moody's Analytics chief economist Mark Zandi. Unless there is a recession and house prices decline, delinquencies rise and Freddie and Fannie start losing money, the two will continue to operate under conservatorship, he said.