Freddie Mac Second Mortgage Plan Stirs Up Surprising Opposition

Also, OCC's Hsu's gets philosophical over recovery planning

What do Better Markets, the American Bankers Association, Americans for Tax Reform and former FDIC Vice Chairman Thomas Hoenig have in common? They’re all opposed to Freddie Mac’s move to buy second mortgages.

Though not coordinated, the alliance of strange bedfellows emerged in comment letters filed to the FHFA last week – an outpouring of criticism fro…