Fannie Mae Reform: Bove Gives Thumbs Up To New House Bill

The Partnership to Strengthen Homeownership Act (H.R.5055), introduced last week by representatives John K. Delaney (MD-6), John Carney (DE – at large), and Jim Himes (CT-4), is yet another effort to advance the seemingly intractable agenda to reform the country’s housing finance system.

Previous proposals such as Johnson-Crapo, the PATH Act, the House’s HOME Forward Act, and the Senate’s Corker-Warner bill are already before lawmakers.

However, Richard X. Bove, VP Equity Research Financial Sector at Rafferty Capital Markets, is appreciative of the thrust of...