Fannie Mae, Freddie Mac Replaced With FMIC In Senate Bill Proposal
Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) announced the broad outlines of their plan to eliminate Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) last week, and today they made the draft proposal available online. It still has a long way to go (it’s still in committee, to say nothing of . . .
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