Eight bills to wind down Fannie, Freddie inch forward

Eight bills to wind down Fannie, Freddie inch forward Eight bills designed to deflate the power of Fannie Mae and Freddie Mac passed the Capital Markets and Government Sponsored Enterprises Subcommittee. The House Subcommittee approved the bills Wednesday morning. Cumulatively, the legislation will curb excessive compensation for Fannie and Freddie executives, end affordable housing goals, increase guarantee fee requirements and end new business activity at the GSEs. The bills will now be sent to the House Financial Services Committee.