Senators plan to introduce GSE wind-down bill today

06/25/2013 | Bloomberg

Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., are expected to introduce a proposal this afternoon to replace Fannie Mae and Freddie Mac with a government reinsurer. The government-sponsored enterprises would be liquidated within five years, according to the latest draft of the bill, and would be replaced with a Federal Mortgage Insurance Corp.

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