Fannie Mae, Freddie Mac Would Be Wound Down In 5 Years

Mani

Published onJune 25, 2013

Updated on May 13, 2021

A new bill to wind down Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) and replace with a new government agency is planned to be introduced Tuesday.

Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., are scheduled to introduce their highly anticipated bill to reform the mortgage finance system on Tuesday.

The bill would replace the Federal Housing Finance Agency, the current conservator of Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and...

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Mani

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

Fannie Mae, Freddie Mac Would Be Wound Down In 5 Years

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