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Senate Republican's plan would privatize mortgage giants Fannie Mae, Freddie Mac

from Chicago Tribune

Senate Banking Committee Chairman Mike Crapo has released a plan for housing-finance legislation that would end U.S. control of Fannie Mae and Freddie Mac, the latest sign that Congress will try again to complete the last outstanding business of the 2008 credit crisis. Under the plan outlined in a statement Friday, Fannie and Freddie would survive as private mortgage guarantors, while facing new competitors and strict limits on capital and business lines. more


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