Obama’s chances to wind down Fannie and Freddie before November slipping away

- September 18, 2014

Washington Examiner, By Joseph Lawler

Hope for reforming government mortgage buyers Fannie Mae and Freddie Mac is dimming as the 113th Congress finishes up its last business before the November elections, even as Obama administration officials intensify the push to fix housing finance and boost home lending.

With lawmakers finishing votes on war and government funding before leaving in November, the administration faces the possibility that when Congress returns, either a Republican or an uncooperative Democrat would be set to take control of the Senate panel with jurisdiction over housing finance. That development would further set back an already moribund push for legislation and lessen the chances that the fate of the government-sponsored enterprises is determined on Obama’s watch.

Read full article: Obama’s chances to wind down Fannie and Freddie before November slipping away