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Volume 14 - Number 8

April 18, 2014

GSE Shareholder Advocates Come Out Against Senate Reform Bill

New groups of disgruntled GSE junior shareholders have taken their demands for redress to the next level by rallying against the Senate’s pending bipartisan housing finance reform legislation. Earlier this month, the Coalition for Mortgage Security said it would campaign for legislation that protects the rights of Fannie Mae and Freddie Mac investors. The group opposes the reform legislation fronted by Sens. Tim Johnson, D-SD, and Mike Crapo, R-ID, the chairman and ranking member, respectively, of the Senate Banking, Housing and Urban Affairs Committee.

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After the November elections, how long will it take for a new Congress and White House to pass GSE reform legislation?

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