Fannie Mae Reform: Bove Gives Thumbs Up To New House Bill

The Partnership to Strengthen Homeownership Act (H.R.5055), introduced last week by representatives John K. Delaney (MD-6), John Carney (DE – at large), and Jim Himes (CT-4), is yet another effort to advance the seemingly intractable agenda to reform the country’s housing finance system. Previous proposals such as Johnson-Crapo, the PATH Act, the House’s HOME Forward Act, and the Senate’s Corker-Warner bill are already before lawmakers. However, Richard X. Bove, VP Equity Research Financial Sector at Rafferty Capital Markets, is appreciative of the thrust of the latest bill. “The Bill introduced by Delaney et al. seems to have some attractive features…