A key House Democrat said Wednesday he will work to pass legislation mandating that new rules for mortgage-backed securities apply to federally controlled mortgage giants Fannie Mae and Freddie Mac. The move by Rep. Barney Frank (D., Mass.), the top Democrat on the House Financial Services Committee, represents an effort to reverse a decision announced by bank regulators earlier this week. It also is a rare area of agreement with House Republicans on a potential change to the Dodd-Frank financial overhaul that bears his name.
Frank: new mortgage-securities rules should apply to Fannie, Freddie
March 30, 2011, 5:30pm
Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio
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Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular contributor to HousingWire magazine. Kerri joined HousingWire as a Reporter in early 2011 and since earned a law degree from Southern Methodist University. She previously worked at the Dallas Business Journal.see full bio