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Warner et al introduce bill to replace Fannie and Freddie

June 26, 2013 By admin

A coupla weeks ago, we told you that Virginia senator Mark Warner — along with his colleague Bob Corker — was going to introduce a bill to essentially liquidate Fannie Mae and Freddie Mac. The two have now formally introduced the bill, which also has the backing of six other members of the Senate Banking Committee. (The tally is four Democrats and four Republicans, in case that matters to you.)

We applaud the efforts of senators Corker and Warner, as well as senators Hagan, Heitkamp, Heller, Johanns, Moran, and Tester for taking the first step to begin a substantive discussion of housing finance reform.

We believe that the framework outlined in the "Housing Finance Reform and Taxpayer Protection Act" contains the necessary building blocks for establishing a new housing finance system for today and tomorrow.

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CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. Nachman Realty, L.L.C. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.

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