WASHINGTON — Despite promises from the Obama administration to lay out its plans for the government-sponsored enterprises in the 2011 budget, the future of Fannie Mae and Freddie Mac earned just one sentence in Monday's proposal.

"The administration continues to monitor the situation of the GSEs closely and will continue to provide updates on considerations for longer term reform of Fannie Mae and Freddie Mac as appropriate," according to the budget.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.