Fannie Mae-No Politics (FNMA)

[haqq002]

NEW

http://www.ft.com/cms/s/0/b6ff63c6-4bb7-11e3-8203-00144feabdc0.html#ixzz2kWh9s2Xf

November 13, 2013 7:44 am

Investors pitch to take over much of Fannie and Freddie

By Henny Sender and Stephen Foley in New York

A group of hedge funds and private equity companies is preparing a proposal to take over large parts of Fannie Mae and Freddie Mac, in an attempt to end a bitter dispute with the Treasury, which has controlled the US housing finance agencies for five years.
The plan is being pitched as a way to bring tens of billions of dollars of private capital into the US mortgage market and to speed housing finance reforms that remain bogged down in Congress.