New Mortgage-Related Regulatory Bill Approved

Date April 25, 2007

The new Regulator Reform Bill legislation that would overhaul the oversight of government-sponsored enterprises (GSEs) – Fannie Mae, Freddie Mac and the Federal Home Loan Banks – has been approved by a vote of 45 to 19 by the House of Representative’s Financial Services Committee.
The law would create a new, independent regulator, the Federal [...]