GOP to Investigate Fannie Mae’s Reported Lobbying Violation

(From The Washington Examiner)

The House Financial Services Committee will investigate Fannie Mae over a report that one of executives has been lobbying to get the bailed-out mortgage giant out of the government’s hands, chairman Jeb Hensarling said Friday.

“It is a slap in the face of taxpayers that Fannie Mae thinks it can take their money and blatantly ignore the rules that came with it,” the Texas Republican said. “The American people deserve better.”

Fannie Mae’s general counsel has been advocating with Trump administration officials for the company to be released from government conservatorship and placed back into private hands, Bloomberg reported Friday.

Under the terms of the 2008 bailout for the company, it is not supposed to engage in political advocacy.

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