Fannie Mae, Freddie Mac’s Profits Dim Dismantle Proposal

Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s string of strong quarterly profits could stall the drive to dismantle the Government-Sponsored Enterprises (GSEs). According to Margaret Chadbourn and Emily Stephenson of Reuters the dismantle move has been stalled after groups banking on the Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC)’s survival rallied to their cause. Mix of bills for Fannie Mae and Freddie Mac A mix of bills has been introduced in the Senate and House of Representatives for dismantling Fannie…