Senate Weighs Compromise Omnibus Mortgage Bill That Splits the Difference on GSE Loan Limits
June 19, 2008
Senate negotiators this week tried to sustain momentum to enact a broad-reaching reform of the U.S. government’s involvement in the mortgage market, but a compromise omnibus bill hammered out by Senate Democrats and Republicans still faces significant political challenges. The revamped legislation includes creation of a new regulator for Fannie Mae, Freddie Mac and the Federal Home Loan Banks that...
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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