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by CareyBot

WASHINGTON, D.C. -- U.S. Rep. Barney Frank, D-Mass., told an audience of Realtors today that it's too early to know whether President Bush will follow through with a threatened veto of housing legislation that seeks to aid troubled borrowers and make conforming loan limit increases permanent, among other provisions. The House, in a 266-154 vote earlier this month, passed legislation originally put forward by Frank that encompasses several pressing issues for the housing industry and economy, including tighter oversight of government-sponsored mortgage entities Fannie Mae and Freddie Mac. In an address during a National Association of Realtors conference today, Frank said the president's veto "is still an open question" as the bill is considered by the Senate. "No ...