Fannie Mae Consensus Absent as GSE Bills Move in U.S. House
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A House subcommittee approved a slate of Republican-backed bills aimed at the broken U.S. housing finance system as lawmakers said Congress was far from devising a coherent plan to overhaul Fannie Mae and Freddie Mac.
The panel approved the six bills today, bringing to 14 the number of measures dealing with the mortgage system pushed through the panel by Representative Scott Garrett, a New Jersey Republican and chairman of the subcommittee on capital markets and government-sponsored enterprises.