Boston Federal Reserve Bank president Eric Rosengren wants Fannie Mae and Freddie Mac to do more to refinance homeowners and address housing market problems.

The Fed's aggressive monetary policy action to lower interest rates and increase refinancings has been impaired by falling house prices with an "uncharacteristically muted response" from consumers, Rosengren said in a speech delivered in Stockholm.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.