News | 02.04.19
Fannie-Freddie Would Go Private in Senate Republican's Plan
Senate Banking Committee Chairman Mike Crapo (R-ID) has released a plan for housing-finance legislation that would end government control of Fannie Mae and Freddie Mac. Under the plan, Fannie and Freddie would become private mortgage guarantors, while facing new competitors and strict limits on capital and business lines. Crapo’s outline omitted many components that would be needed for actual legislation, including what level of capital the companies would be required to hold, but is seen as an important step for Congress as it attempts again to complete the last outstanding business of the 2008 credit crisis.
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