Buried in the fine print of the Treasury Department’s revised bailout deal is a clause that allows Fannie Mae and Freddie Mac to sell up to $250 million of assets in one fell swoop without prior approval from the agency.

 The only stipulation is that the GSEs receive what Treasury calls “fair market value.”

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.