The House Financial Services Committee has approved a bill that would establish a new independent regulator to oversee Fannie, Freddie and the Federal Home Loan Banks.
Features include an increase in conforming limits in high cost markets, required contributions to an affordable housing fund, a lack of authority by the regulator to reduce the size of Fannie and Freddie's portfolios and no restrictions on their AU systems.
And we thought the GSEs had lost some capital hill mojo with the absences of Raines and Brendsel.
