Bipartisan support for using Fannie Mae/ Freddie Mac profits to fund affordable rental housing

Barney Frank’s latest article in the Portland Press Herald describes the virtues of a new bill proposed by Senator Susan Collins (R. -Maine) regarding the use of profits gleaned from Fannie Mae/ Freddie Mac. The two agencies, responsible for providing government-backed mortgages, are still in conservatorship. Profits do not go to shareholders, but to U.S. Treasury. These […]