Senate Panel Considers Law To Replace Fannie, Freddie

Law360, New York (October 31, 2013, 8:04 PM EDT) -- A Senate banking committee on Thursday debated options for reforming the essential elements of the government’s guarantee of certain mortgage-backed securities, as the upper chamber of Congress weighs a bipartisan bill to eliminate and replace Freddie Mac and Fannie Mae.

The U.S. Senate Committee on Banking, Housing and Urban Affairs met to discuss possible tweaks to the proposed Housing Reform and Taxpayer Protection Act of 2013, which is aimed at winding down Fannie Mae and Freddie Mac, as well as the Federal Housing Finance Agency, which...
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