A trio of Democratic congressmen on Thursday unveiled a plan to wind down Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). The new bill adds to the mix of bills in the Senate and House of Representatives, though it is pitched as an attractive alternative that could work for both political parties. New proposal to facilitate eventual sale The trio of House Democrats – John Delaney, John Carney and Jim Himes – unveiled the new proposal that would wind down the U.S. mortgage finance giants over five years,…
New Fannie Mae, Freddie Mac Proposal Keeps 30 Year Mortgages Intact
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