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New Fannie Mae, Freddie Mac Proposal Keeps 30 Year Mortgages Intact

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Mani
Published on
Updated on
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A trio of Democratic congressmen on Thursday unveiled a plan to wind down Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC).

New Fannie Mae, Freddie Mac Proposal Keeps 30 Year Mortgages Intact

The new bill adds to the mix of bills in the Senate and House of Representatives, though it is pitched as an attractive alternative that could work for both political parties.

New proposal to facilitate eventual sale

The trio of House Democrats - John Delaney, John Carney and Jim Himes -

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports