Industry News

New fiscal diet for Fannie Mae proposed

Legislator proposes portfolio-reducing rules for Fannie, Freddie
Published on Jul 25, 2005

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by CareyBot

Legislation that could force Fannie Mae and Freddie Mac to significantly reduce their investment portfolios was released Friday by Senate Banking Committee Chairman Richard C. Shelby, R-Ala., the Washington Post reported. By proposing to give a new regulator broad discretion ...