Group of senators pursues an overhaul of Freddie, Fannie

05/20/2013 | Hill, The

A bipartisan group of senators, along with industry representatives, is working on a method for winding down Fannie Mae and Freddie Mac and replacing the government-sponsored entities with private capital. Some observers think such an effort faces challenges, particularly with the recent improvement in Fannie's and Freddie's finances.

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