Fannie, Freddie Saved By Tax-Free Mortgage Savings Account?

Investors Unite, the group formed campaign on behalf of Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) shareholders, has been consistent opponent of the Crapo-Johnson proposal for Fannie Mae and Freddie Mac reform and the Corker-Warner bill that it was modeled after, but just because the Senate bill has lost momentum doesn’t mean they’ve met their goals. At a recent Investors Unite conference Joshua Rosner, the co-author of bestseller Reckless Endangerment, proposed a new way to help meet policy and social goals for the GSEs without having to create a new government agency: tax-free mortgage savings accounts.