New Fannie Mae, Freddie Mac Proposal Keeps 30 Year Mortgages Intact

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,…