Fannie Mae and Freddie Mac could need major future U.S. taxpayer bailouts.
FHFA OIG warns GSEs could cost taxpayers as much as $190 billion.
Trade associations tell the FHFA g-fee increases should be a matter of risk management, not politics.
WASHINGTON — The Senate Banking Committee also delayed mark-up of the Corker-Warner GSE reform bill.
A new Senate plan would insure and regulate mortgage backed securities like credit union deposits.
Reports say vote to come up on Tuesday, Dec. 10, under new rules after October vote blocked.
Apple FCU executive testifies on Tuesday at Senate hearing.
President Barack Obama laid out his initiative to reform the secondary mortgage market in a speech on Aug. 6 that trash talked Fannie Mae and Freddie Mac and voiced support for a Senate bill that would wind down the government sponsored enterprises and replace them with a mostly privatized system.
President rolls out his own plan to wind down Fannie and Freddie, a plan similar to Corker-Warner proposal in the Senate.
The House Financial Services Committee passed the Protecting American Taxpayers and Homeowners Act July 24 by a vote of 30-27.