To End Fannie, Freddie, Congress Must Redo Mortgage Market

Law360, New York (March 6, 2013, 8:30 PM EST) -- The federal regulator charged with overseeing Fannie Mae and Freddie Mac revealed plans Monday to begin the slow process of replacing the failed housing giants, but a true overhaul won’t succeed until the Obama administration and Congress find a way to restructure the mortgage market.

How to remake the housing finance market so that private capital plays a larger role has been a central Washington debate since the housing market collapsed in 2008, taking Fannie and Freddie down with it. A lack of action from lawmakers...
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