Bill To Overhaul Fannie Mae, Freddie Mac Faces Opposition

Efforts to advance a bipartisan overhaul of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) received a have jolt as the talks between top lawmakers on the Senate Banking Committee and a group of Democrats broke down Thursday. According to Nick Timiraos of The Wall Street Journal, the latest move raises the prospect that the bill won’t advance beyond the committee this year. Johnson-Crapo bill In March, U.S. Senators Tim Johnson and Mike Crapo made a new proposal for reforming the U.S. mortgage industry. It falls in line with last…