Fannie Mae, Freddie Mac Wind-Down: New Group Wants Investors Protected

A new organization is in favor of winding down Fannie Mae / Federal National Mortgage Association (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC) without harming the shareholders of the bailed-out mortgage companies.

The new tax-exempt group calling itself the Coalition for Mortgage Security joins a few other groups that have sprung forward to defend shareholders.

Responsible wind-down

Last month, US Senators Tim Johnson (D., S.D.) and Mike Crapo (R., Idaho) made a new proposal for reforming the US mortgage...