U.S. House Republicans want to shut down Fannie Mae and Freddie Mac.
Yesterday, U.S. House Republicans revealed they’d like to shut down mortgage giants Fannie Mae and Freddie Mac, reports The Washington Post.
It adds they’d also like to “nearly eliminate the government’s role in backing the nation’s mortgage market…The measure…could also limit the number of moderate-income families and others who get their mortgages from the Federal Housing Administration.” Read more.
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