Bill Revising Fannie Mae Has Dim Prospects, Democrat Says
- May 13, 2014
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.”