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Rep. John K. Delaney (Maryland), Rep. John Carney (Delaware), and Rep. Congressman Jim Himes (Connecticut) said the bill would wind down Fannie Mae and Freddie Mac and allows the GSEs to be sold and recapitalized. The congressmen said protecting the 30-year fixed rate mortgage is key because it ensures “home affordability for the middle class and shields American taxpayers from future bailouts by reforming the housing finance system.”
Read More »House Democrats Introduce Legislation to Reform Housing Refinance System
