Industry Expects ‘Major Challenges’ if Frank Assumes Leadership of House Financial Panel
September 14, 2006
The Mortgage Bankers Association has peered into the uncertain balance of power in the new Congress that will be chosen in a few weeks and seen Massachusetts liberal Rep. Barney Frank holding the gavel for the all-important House Financial Services Committee. Though the national mid-term elections are still two months away, the MBA is preparing for the possibility that the Democrats could recapture the majority in the 109th Congress. That would make Frank, now the ranking minority member of the committee, the leading...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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