Fannie Mae-No Politics (FNMA)

[Tincupx]

"‘Chairman’ Shelby Would Be Friendly to GSE Shareholders. Sen. Richard Shelby, R-AL, is poised to again be chairman of the Senate Banking, Housing and Urban Affairs Committee should the GOP gain control of the Senate following mid-term elections in November, according to an analysis by Newedge Group."

"Shelby, who held the chairman’s gavel from 2003 until the Democrats took the Senate in 2006, would likely advocate a “shareholder friendly solution” to GSE reform."

"While House Republicans have been more radical about reform of Fannie Mae and Freddie Mac, the Senate’s GOP leadership has been favoring an equity friendly solution, noted Newedge."

“The president is also increasingly concerned by the high profile lawsuits that accuse the government of illegally transferring all GSE profits post-2008 to the Treasury, which makes it more likely the White House will consider a brokered settlement for equity friendly GSE reform,” said Newedge."