Fresh Bill To Wind Down Fannie Mae, Freddie Mac Introduced

Representatives John Delaney (D-MD), John Carney (D-DE), and Jim Himes (D-CT) introduced a bill that would shift the housing finance market away from Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC), and keeps home ownership attainable for working families by strengthening affordable housing programs.

The new bill, introduced Thursday, July 10th, would also preserve the 30-year fixed rate mortgage and protects American taxpayers by using private sector pricing to reduce the...