Bill Creates Agency To Replace GSE

04 Jun 2013

Sens. Bob Corker (R-Tenn.) and Mark Warner (D-Va.) has drafted legislation that would create the Federal Mortgage Insurance Corp., to replace Fannie Mae and Freddie Mac.

Sens. Bob Corker (R-Tenn.) and Mark Warner (D-Va.) has drafted legislation that would create the Federal Mortgage Insurance Corp., to replace Fannie Mae and Freddie Mac. Under the measure, the government-sponsored enterprises would be liquidated within five years,

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