Industry NewsMortgage

House amends GSE reform bill to allow larger loan portfolios

Republicans could stall long-awaited legislation in Senate
Published on May 21, 2007

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by CareyBot

A long-debated bill intended to overhaul oversight of Fannie Mae and Freddie Mac could become bogged down again in Congress this year because of an amendment that sets aside a compromise with the Bush administration over how much authority the government will have to set limits on the mortgage repurchasers' loan portfolios.

The bill, HR 1427, is inten ...