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Home » Store » Taxable » Sarbanes Offers Anti-Predatory Lending Bill, Fannie Mae Calls for ‘Strong’ Federal Law

Sarbanes Offers Anti-Predatory Lending Bill, Fannie Mae Calls for ‘Strong’ Federal Law

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The unveiling by Senate Democrats of a proposed clampdown on predatory lending in the subprime mortgage market this week evoked from Fannie Mae an announcement that it supports a strong federal law against abusive practices. Fannie Mae has recently come under scrutiny for its reported efforts to get an exemption for GSE mortgages built into a tough new predatory lending law enacted in
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