Mortgage-Backed Security

The Distraction Behind the Delisting of Fannie Mae and Freddie Mac 

For the long suffering shareholders of the GSEs, Fannie Mae and Freddie Mac, the news of the FHFA directive to delist from the NYSE and other exchanges likely feels like the last nail in the coffin. For them, it just might be. But for mortgage finance it’s proving to be little more than a distraction. To use the words of Bert Ely, of the monetary consultancy firm Ely & Company: “It’s no big deal.”