The overhaul proposal for Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) could translate into higher mortgage rates for homeowners with weaker credit or smaller down payments, according to a study done for an industry group. The study by Kent Colton and Michael Carliner of the Harvard Joint Center for Housing Studies was produced for the Leading Builders of America, a trade group representing large U.S. homebuilders. Johnson-Crapo bill to reform Fannie Mae, Freddie Mac Last month, US Senators Tim Johnson (D., S.D.) and Mike Crapo (R., Idaho) made a…
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