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Obama Administration May Delay Fannie-Freddie Proposal

Photo Courtesy - Getty Images(WASHINGTON) -- The government may not release a proposal on the restructuring of Fannie Mae and Freddie Mac before the Congressional deadline of Jan. 31.

The overhaul of Fannie and Freddie has been a delicate and urgent issue, with much debate concerning the extent of government regulation. The Dodd-Frank Law was the most sweeping legislation prompted by the recession, but it failed to offer a solution to the mortgage monopolies.

The Obama administration has been preoccupied with the State of the Union address, and reportedly plans to releasing the so-called "white paper" the week of Feb. 7, according to The Financial Times.

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