Loan Ranger: Federal Mortgage Firm Is Facing New Assault To Privileged Status

Number 20035
Subject Business
Source Wall Street Journal (New York)
State
Year 1996
Publication Date May 14
Summary The Journal reports that "Fannie Mae has clout to counter the agencies that seek to privatize it," a clout that "stems from money, votes and connections ... Like many corporations, Fannie Mae has a political action committee to channel funds to friendly lawmakers. And whenever the status quo seems under fire, it rallies support from friendly groups with influence in every congressional district, such as realtors, mortgage lenders and homebuilders."
Category General
Pages 2
Keywords homebuyers;homeowners;mortgages;campaign finance;money and politics;Freddie Mac;housing;finances
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