The FHA says it is working on a plan to merge some of the operations of Fannie Mae (FNMA.OB) and...

|About: Fannie Mae (FNMA)|By:, SA News Editor

The FHA says it is working on a plan to merge some of the operations of Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) in a new venture, separate from the two firms, which would operate a secondary mortgage market infrastructure to be used by Fannie and Freddie. The new firm could either be sold or used "as a foundational element of the mortgage market of the future."