Fannie Mae, Freddie Mac reform will only get harder
- May 14, 2014
May 14, 2014, by Jon Prior
The leading Senate proposal to get rid of Fannie Mae and Freddie Mac is stalled, and the job of figuring out what to do with the two mortgage finance giants isn’t going to get any easier in the final years of the Obama administration.
The Senate Banking Committee on Thursday is set to approve a centrist bill backed by the White House, but the legislation is unlikely to advance any further this year and faces opposition from the senators most likely to be calling the shots on housing issues in the next Congress.
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