What is the likelihood of Fannie Mae and Freddie Mac losing their GSE status?
It is unclear exactly what this would mean. Perhaps it would mean that Fannie Mae and Freddie Mac would have to pay state and local taxes, the $2.25 billion line of credit would be taken away, all of their securities would have to registered with the SEC, they would no longer have to accept political appointees to their boards, or all of the above.
