senator mike crapo: How Will this Affect Housing? / Senate Bill Ends Fannie and Freddie
- 03/11/14 09:51 AM
AR Forum
The topic of what to do with Fannie Mae and Freddie Mac has been discussed in Congress and the Senate for quite some time now since the financial collapse occurred. Today; however, was the "Day of Reckoning" so to speak, at least in the Senate Banking Committee. Senate Banking Committee Chairman Tim Johnson and Senator Mike Crapo announced a bipartisan draft measure which would formally wind down both agencies with the intent of creating a new agency called the Federal Mortgage Insurance Corp. The formal Bill will be introduced in coming days to the full Senate.
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AR Forum
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