Senate Compromise Housing Bill Faces Political Challenges from White House, GOP Opponents
June 20, 2008
Bipartisan leaders in the Senate unveiled a compromise omnibus housing bill that would permanently expand Fannie Mae’s and Freddie Mac’s market penetration – and likely boost Ginnie Mae’s share of MBS issuance. But the measure also faces stiff resistance from the White House and conservative Republicans this week, and an uncertain future in the House. The revamped Senate bill crafted by...