Posted inBusiness

Senate Banking Leaders Sketch Out Fannie, Freddie Bill

(Reuters) โ€“ The leaders of the Senate Banking Committee on Tuesday announced an agreement on legislation to wind down government-owned mortgage financiers Fannie Mae and Freddie Mac, jump-starting a long-standing debate that could still take years to resolve. Committee Chairman Tim Johnson, a Democrat, and Senator Mike Crapo, the panelโ€™s top Republican, outlined the plan in bullet point […]

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