Fannie Mae, Freddie Mac Crapo-Johnson Bill Now Has A House Counterpart
Representative Maxine Waters (D., CA) has introduced a draft proposal that would eliminate Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) and replace them with a government regulated cooperative empowered to issue mortgage backed securities with an explicit government guarantee, similar to the structure that has been proposed in the recent Crapo-Johnson proposal in the Senate, reports Margaret Chadbourn for exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
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