Who would take at the place of Freddie and Fannie

From DS News

Senators Introduce Bill to Replace GSEs in 5 Years

A bipartisan group of senators introduced on Tuesday legislation to replace Fannie Mae and Freddie Mac with a newly created agency. Citing the overwhelming presence of the GSEs in today's mortgage marketplace, Sens. Bob Corker and Mark Warner unveiled a new piece of legislation designed to wind down the enterprises and rebuild the private mortgage sector. The legislation would dissolve Fannie Mae and Freddie Mac within five years of passage and transfer appropriate utility duties and functions to a "different, modernized and streamlined agency." » Read More


- Sunil Sethi


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