Delany, Carney, Hines Bill For Fannie Mae Has Best Chance
Value Walk - July 15, 2014 - July 15, 2014
July 15, 2014
This effectively kills any possibility for Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) reform until after the 2016 election. Why? We have several different plans, coming for both parties that are wholly incompatible with each other. That means there is no chance of blending the disparate plans together to form a consensus within either party, much less building one to get the two parties to agree on something. This was all but telegraphed when Johnson/Crapo limped out of committee without the backing of the most powerful Democrats (Schumer, Warren and Menendez).
Read Full Article: Delany, Carney, Hines Bill For Fannie Mae Has Best Chance