Housing Finance Overhaul Bill Has Little Chance
Bloomberg, Sept. 6, 2018–Elizabeth Dexheimer
House Financial Services Chairman Jeb Hensarling, R-Texas, unveiled a proposal Thursday that would effectively shutter Fannie Mae and Freddie Mac. Their roles would be replaced by enabling private companies and Ginnie Mae to backstop the trillions of dollars of mortgage-securities that underpin the U.S. housing market.
