Wednesday, December 16, 2015

Federal spending bill makes recapitalization of Fannie, Freddie far less likely

Bad news for those hoping for the “recap and release” of Fannie Mae and Freddie Mac: Included in the newly agreed upon federal appropriations bill is a provision that prohibits the Administration – be it the Obama Administration or the next President’s Administration – from selling off its stake in Fannie and Freddie without the approval of Congress, for at least two years.

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