Path to fix Fannie Mae, Freddie Mac unclear as Senate Democrats can’t reach consensus
Urgency for new bill lessened by power of FHFA head to enact policies without legislation
The likelihood of congressional action on the future of Fannie Mae and Freddie Mac is dimming because Senate Democrats cannot find common ground. Private investors probably will have to wait until after midterm elections to learn the fate of their stake in the government-owned companies. Consumer and housing advocates say there is less urgency for a bill because the new head of the Federal Housing Finance Agency can enact some policies aiding homeowners without legislation.