Moody’s: Increased competition for Fannie, Freddie would be a credit negative

Last week, FHFA Director Mark Calabria outlined his GSE reform wish list for lawmakers in his first annual Report to Congress since taking the helm at the agency. In it, he urged Congress to take steps to increase competition for Fannie Mae and Freddie Mac. But Moody’s Investor Service says that move would amount to a credit negative for both agencies, although Calabria’s other ideas are not so bad.