MBA urges government to place Fannie, Freddie into receivership

09/9/2010 | CNBC

Mortgage Bankers Association CEO John Courson and MBA chairman-elect Michael Berman have sent a seven-page letter to the Federal Housing Finance Agency urging it to place Fannie Mae and Freddie Mac into receivership. They have been in conservatorship since 2008 -- one step before receivership, when the firms would be liquidated. "The current situation is not unlike a brain dead patient who is being kept alive indefinitely by artificial life support," they wrote.

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