End Of Fannie And Freddie Is In Sight

Law360, New York (August 7, 2013, 6:40 PM EDT) -- Now that President Barack Obama has thrown his weight behind Senate legislation for winding down Fannie Mae and Freddie Mac, a former top Republican Senate staffer said that for the first time since the financial crisis, momentum is building to reform the nation's housing finance system.

President Obama on Tuesday backed a Senate bill that would eliminate the two government-sponsored enterprises within five years and replace them with an insurer of last resort that would preserve a limited government guarantee to the mortgage market. That move...
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