Bill Revising Fannie Mae Has Dim Prospects, Democrat Says

- May 13, 2014

Bloomberg

May 13, 2014, by Kathleen Hunter

A Democratic member of the U.S. House Financial Services Committee predicted that legislation revamping government-owned mortgage firms Fannie Mae and Freddie Mac (FMCC) won’t become law this year.

“The problem is the clock right now,” Representative Gary Peters, a Michigan Democrat, told Bloomberg News reporters and editors today in New York. “I think it’s going to be difficult to get anything done this year.”

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