Fannie Mae-No Politics (FNMA)

[Rob84]

$$NEWS$$ Jan. 16 (Bloomberg) -- House Democratic lawmakers unveil proposal that would create path for Fannie, Freddie to be sold as independent cos. without govt support. • Plan by Reps. John Delaney of Md., John Carney of Del. and Jim Himes of Conn. would boost availability of capital in mortgage market by combining private-sector risk pricing and govt backstop, according to joint statement • The lawmakers plan to introduce legislation in spring • NOTE: Fairholme Capital Management proposed buying Fannie and Freddie in November
By Kim Chipman and Clea Benson