Fannie Supports New Regulator, But Wants a Say

Published on:
12 September 2006 at 10:18 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00004016-fannie-supports-new-regulator-but-wants-a/

Fannie Mae, which has long fought legislative efforts to limit its powers, will now support a bill to create a stronger regulator of its activities, according to officials at the mortgage funding giant.

The strategy will put Fannie Mae in a stronger position to bargain over crucial details of how its business would be regulated. It wants to avoid limits on its ability to develop new financial products. It also wants to be sure that the federal government would give explicit protection to mortgage-backed securities holders if Fannie Mae were ever forced into receivership.

“I don’t think anyone will have any doubt about our commitment to achieving legislative reform next year,” said Charles Greener, Fannie Mae’s chief spokesman.

For this complete story, please visit Fannie Supports New Regulator, But Wants a Say.

Fannie Supports New Regulator, But Wants a Say

Unknown Author

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