Congress to consider bill requiring Fannie Mae, Freddie Mac to offload more risk

Despite a new report from Moody’s Investors Service stating that wholesale reform of the government-sponsored enterprises is years away, some members of Congress are pursuing changes to how Fannie Mae and Freddie Mac operate. On Thursday, Reps. Ed Royce, R-Calif., and Gwen Moore, D-Wisc., introduced a new bill in the House of Representatives that would require the GSEs to offload more credit risk onto the private sector. http://www.housingwire.com/articles/38717-congress-to-consider-bill-requiring-fannie-mae-freddie-mac-to-offload-more-risk ❤️ #share #mortgage