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Senate Reaches Deal on Housing Bill

Posted on May 19, 2008

From Reuters: U.S. senators say have deal on housing rescue bill The two top members of the U.S. Senate Banking Committee announced on Monday that they have a deal that will create a multi-billion dollar mortgage rescue fund and a new regulator for Fannie Mae and Freddie Mac.No specifics yet.And from the WSJ: New Housing Deal ReachedThe committee didn't immediately release details of the agreement and what changes had been made to the bill. The legislation combines the regulatory reforms for government-sponsored enterprises Fannie Mae and Freddie Mac with a proposal to use the Federal Housing ...

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