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Federal National Mortgage Association Message Board

  • tla_usa tla_usa May 20, 2014 5:49 PM Flag

    *The Senate Banking Committee is the Bermuda Triangle of FNMA reform bills.*

    In 2005, The Senate Banking Committee, then under Republican control, adopted GSE legislation, but unanimous Democratic opposition to the bill in the committee doomed it on the Senate floor. Without any significant Democratic support, debate could not be ended in the Senate, and the bill was never brought up for a vote

    In 2014, another ghost appears and disappears.

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