Fannie, Freddie Riches Could Slow Housing Finance Reform

Law360, New York (November 7, 2013, 8:31 PM EST) -- With Fannie Mae and Freddie Mac on Thursday announcing another round of multibillion-dollar payments to the U.S. Treasury, lawmakers looking for more revenue for the government may rethink their push to eliminate the two companies, adding more delays to the already lengthy housing finance reform process.

The two mortgage giants received a combined bailout of around $190 billion as their mortgage securities portfolios blew up in 2008. But on Thursday, Fannie Mae and Freddie Mac announced that they would send the government $39 billion in dividend...
To view the full article, register now.