GOP bill proposes to end Fannie, Freddie in housing finance revamp

Fannie Mae headquarters

The government pumped $187.5 billion into the companies to keep them afloat, but they have since returned to profitability and have paid about $132 billion in dividends to taxpayers. Any transition to a new housing finance system will likely take years. The largest U.S. banks, credit unions, home builders and real estate brokers all hold a stake in the outcome. Republicans blame Fannie Mae and Freddie for helping to inflate the housing bubble, and they are eager to reduce the government’s involvement and make sure taxpayers are never again on the hook for losses.

Finance Manager – GEC

* Set and support and conduct the monthly budget monitoring review systems over the inception phase, escalating variances as required. * Acting as a focal point for the identification and escalation of issues and challenges related to finance setup from COs into SCUK and SCI structures * Work with the GEC Project Manager a nd Senior Portfolio manager to negotiate with AKF and PMU on changes needed to the budget both in terms of SCI formats, Donor formats, as a result of changes to workplans etc. * Work with the SCUK Senior portfolio manager, GEC finance officer and GEC Program Manager to ensure the budget holders and finance teams involved in the GEC project . Understand the DFID/PWC compliance requirements; . Breakdown and (where necessary rework) the budget structure and contents * Agreeing project procurement plans and liaise with AKF PMU on any joint procurement processes Key deliverables: * The budget has been re-worked with the in country team along with the workplan.

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