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
Most Popular Articles
Latest Articles
Did lower mortgage rates slow housing inventory growth?
After two weeks of significant increases, my model for inventory growth with higher mortgage rates came crashing down last week.
-
Labor market report is good news for mortgage rates
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts