Industry News

Bill to strengthen oversight of Freddie, Fannie stalls in Senate

No consensus on provisions to cut lenders' portfolios
Published on Sep 1, 2006

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by CareyBot

A bill aimed at strengthening oversight of government-sponsored mortgage purchasers Freddie Mac and Fannie Mae is not expected to emerge from Congress before the November elections, and could be stripped of provisions that would require the lenders to cut their ...