6/25/2013

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.

Full Story:
Bloomberg

Related Summaries