According to a new policy paper the Obama Administration submitted to the Treasury Department just last week the answer may be yes. Looking to privatize this and relieve the government – ie: taxpayer liability for mortgages gone bad.
Government back loans through Fannie Mae and Freddie Mac have long been a staple of the US real estate market and have helped many a homeowner get their first home. To be sure the two were also closely tied to some of the worst abuses in the mortgage melt down of the last 5 years.
No matter which side of the issue you are on this is a BIG change in business as usual in the government back loan business. Read the entire document outlining the administrations proposals.