Fannie Mae-Freddie Mac Should Be Utilities, Trade Group Says

A powerful housing trade group is wasting no time in pushing the Trump administration and Republican-led Congress to address one of the last unresolved issues from the financial crisis, outlining a proposal to overhaul mortgage-finance giants Fannie Mae (FNMA) and Freddie Mac (FMCC).

The Mortgage Bankers Association plan released on Jan. 31 would make Fannie and Freddie privately-owned utilities and cap their returns on capital. It would also turn the government's implicit backstop of the...

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