Senate banking panel OKs housing-reform bil

Senate banking panel OKs housing-reform bill

By Ruth Mantell
5%
0%
-5%
-10%
10a
11a
12p
1p
2p
3p
FNMAFMCC
WASHINGTON (MarketWath) -- A Senate banking panel passed a bill Thursday to wind down federally controlled mortgage-finance giants Fannie Mae FNMA -7.48% and Freddie Mac FMCC -8.03% , but with too little support to pressure the entire chamber to consider the measure. U.S. lawmakers on the Senate Banking Committee passed the measure in a 13-to-nine vote -- three votes fewer than analysts say would be needed to force the full Senate to vote on the legislation. Thursday's vote is a setback for the bill's authors, but they may continue to try to pick up additional support in coming weeks. Still, analysts say chances for passage this year are slim. 
Location: New York, NY, USA

Comments

Post a Comment

Popular posts from this blog

he has other vested interest he is conected so he is diffrent

Image
if  fanny is reformed as per government wishes he stand to gain by his wells fargo -so he goes.....Hew had the first call on many such crisis like Goldmans  preferred etc  he is not only connected via his moodys he get first all opportunity unlike us  1 Billionaire Weighs in Again on Fannie Mae and Freddie Mac By  Patrick Morris  |  More Articles   May 23, 2014  |  Comments (6) Warren Buffett at  Berkshire Hathaway   has once again provided a  unique and critical  insight into what he believes is best for government-sponsored mortgage enterprises  Fannie Mae   ( NASDAQOTCBB:  FNMA     )  and  Freddie Mac    ( NASDAQOTCBB:  FMCC     ) .  At the latest Berkshire Hathaway annual meeting, Buffett and longtime business partner Charlie Munger continued their tradition of conducting a question and answer session lasting more than six hours. While the two weighed in on countless issues, one of the most fascinating (and longest) discussions resulted from this question: D
Read more

Fannie & Freddy AFTER YEARS STILL IN SERIOUS DOUBT@ FULL STAGE -ON WHATS NEXT

Image
Fannie & Freddy: Mnuchin Reveals New Clues  but uncertain next #laliasia.finance Feb. 27, 2017 8:49 AM ET | 82 comments |   About:   Fannie Mae (FNMA) ,  FMCC Orange Peel Investments Summary Treasury Secretary Steven Mnuchin made several comments about Fannie and Freddie on Thursday morning. Though recap and release may not happen until late summer, early fall, we continue to believe it is the likely scenario. Mnuchin's comments about liquidity in the 30 year mortgage market and getting Fannie and Freddie out of government control were bullish for the long term. By Parke Shall with Thom Lachenmann We think that new revelations made by Steven Mnuchin and missed by most of the financial analysts reveal new clues to the future of Fannie ( OTCQB:FNMA ) and Freddie ( OTCQB:FMCC ).  We think comments he made last week in interviews not only confirm that Fannie and Freddie won't be under government control much longer  ??????????
Read more

more fnma and

Image
House Leaking A Recap Story Already? Mar. 6, 2017 2:14 PM ET | 70 comments |   About:   Fannie Mae (FNMA) ,  FMCC Orange Peel Investments Follow (5,565 followers) Long/short equity Send Message Summary Motion for summary judgment filed in case to declare the FHFA unconstitutional. Earlier CFPB ruling could set the stage. Is the Trump administration already starting to create the "recap and release" narrative? By Parke Shall For a little bit of history, the Consumer Financial Protection Bureau had  recently been found to be an unconstitutional entity  in a DC circuit court because of the "unilateral power" bestowed upon its director. The Atlantic reported, On Tuesday, a Washington, D.C.  circuit court  found the structure of the CFPB to be unconstitutional. More specifically, the court took issue with the inability for other arms of the government to review or rebuke the Bureau's judgements or actions and the
Read more