New Fannie Mae, Freddie Mac Proposal Shows Resistance To Crapo-Johnson
The US Senate banking committee is expected to act on the Crapo-Johnson proposal to reform Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) this week, but a new proposal from committee members Sherrod Brown (D-OH) and David Vitter (R-LA) shows how big the gulf is between competing visions of America’s mortgage market.
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