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Plan for Mortgage Giants Takes Shape

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A bipartisan proposal of Tim Johnson and Mike Crapo of the Senate Banking Committee to replace Fannie and Freddie with a new system that removes the implicit government guarantee, has the support of the Obama administration. A proposal by Republicans in the House removes the government backstop entirely. Fannie and Freddie stock lost about a third of their value in March 2014 falling to $4.03 and $4.04, erasing sharp gains made in 2013. Under the proposal supported by most members of the Banking Committee, including Bob Corker, it is likely that private shareholders will not be treated favorably.

The bipartisan Senate proposal of Tim Johnson and Mike Crapo in 2014 to replace Fannie and Freddie with a new system removing the implicit government guarantee

03/11/2014

The Senate proposal has the support of the Obama administration. A broad consensus is emerging that a new system that removes the implicit government guarantee should be set up to put in place the last piece of needed reforms to the financial system. The proposal in the House removes the government backstop to Fannie and Freddie entirely.

Grouped Articles

Plan for Mortgage Giants Takes Shape

Wall Street Journal 03/12/2014

Putting the Hit on Fannie, Freddie

Wall Street Journal 03/12/2014

Senators Draft Housing Finance Overhaul

New York Times 03/11/2014

Private investors investing in Fannie Mae and Freddie Mac in 2013

11/17/2013

Grouped Articles

Ackman Makes Big Bet on Fannie, Freddie

Wall Street Journal 11/17/2013

White House Rejects Fannie-Freddie Recapitalization Plans

Wall Street Journal 11/23/2013

Freddie Mac Reports $48.7 Billion 2013 Profit

Wall Street Journal 02/28/2014

Fannie's Profits May Be Fleeting

Wall Street Journal 03/03/2014

Plan for Mortgage Giants Takes Shape

Wall Street Journal 03/12/2014

Putting the Hit on Fannie, Freddie

Wall Street Journal 03/12/2014

The total cost to US taxpayers for Fannie and Freddie.

01/12/2009

The total cost could be $658 billion, according to a Standard and Poor's estimate in late 2010. And prove very costly for taxpayers in the USA. The government put the agencies in conservatorship during the housing crisis of 2008.

Grouped Articles

Heavens, Not Havens

New York Times 04/13/2013

Freddie's Profit Soars on Housing Rebound

Wall Street Journal 05/08/2013

Fannie Mae to pay $59.4B to Treasury - The Washington Post

Washington Post 05/09/2013

Fannie Chief: Payout Must Not Delay Revamp

Wall Street Journal 05/10/2013

Fannie, Freddie Payments Nearly Match Aid

Wall Street Journal 11/08/2013

White House Rejects Fannie-Freddie Recapitalization Plans

Wall Street Journal 11/23/2013


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