GSEs (Fannie/Freddie),FHA&HUD

The GOP will hold votes on dismantling Fannie and Freddie next week

Posted on Monday, April 4, 2011

The GOP will hold votes on dismantling Fannie and Freddie next week, reports Peter Schroeder: "House Republicans are ready to take on the troubled mortgage giants Fannie Mae and Freddie Mac with a series of bills that would likely chip away at the federal government’s role in the housing market. Early next week, Republicans on the House Financial Services Committee will unveil at least six bills on Fannie and Freddie, the first step in a concerted effort to extricate the government-sponsored enterprises (GSEs) from their central role in mortgage services. Fannie and Freddie currently back roughly nine out of every 10 new mortgages in the United States. The GOP bills will be the first of what could be dozens of measures aimed at altering the mortgage giants."
Ezra Klein's Wonkbook


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