Fannie Mae-No Politics (FNMA)

[PennyStockInvestor]

US rejects Fairholme's proposal to recapitalize Fannie, Freddie

Fannie and Freddie, which own or guarantee about two-thirds of all U.S. home loans, were seized by the government at the height of the financial crisis as mortgage losses threatened their solvency.

Lawmakers on Capitol Hill have said they are intent on winding down the companies to ensure taxpayers will never be on the hook for big mortgage losses again.


http://www.reuters.com/article/2013/11/21/fannie-freddie-whitehouse-idUSL4N0J60QG20131121