A new organization is in favor of winding down Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) without harming the shareholders of the bailed-out mortgage companies. The new tax-exempt group calling itself the Coalition for Mortgage Security joins a few other groups that have sprung forward to defend shareholders. Responsible wind-down Last month, US Senators Tim Johnson (D., S.D.) and Mike Crapo (R., Idaho) made a new proposal for reforming the US mortgage industry that falls in line with last year’s proposal from Bob Corker (R., Tenn.) and Mark Warner…
Fannie Mae, Freddie Mac Wind-Down: New Group Wants Investors Protected
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports
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