Wall Street Sees Chances for GSE Bill Dimming

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00006157-wall-street-sees-chances-for-gse-bill-dim/

Wall Street analysts on Friday said the push in Congress to pass legislation to stiffen oversight of mortgage giants Fannie Mae and Freddie Mac may be sidelined by disagreement over key provisions and a likely battle over a Supreme Court nominee.

Merrill Lynch’s senior agency strategist, Rajiv Setia, said parties remain divided on Capitol Hill over the most contentious provisions of the legislation — portfolio limits and an affordable housing fund kept flush by forcing the companies to divert 5 percent of their after-tax income.

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Wall Street Sees Chances for GSE Bill Dimming

Unknown Author

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