Fannie, Freddie bill said to call for wind down - WASHINGTON - TopicsExpress

Fannie, Freddie bill said to call for wind down - WASHINGTON (MarketWatch) -- The long-awaited bill to reform mortgage buyers Fannie Mae and Freddie Mac will call for the firms to be wound down in five years and for private equity to absorb the first 10% loss on all new mortgage-backed securities, CNBC reported late Monday. The bill, set to be introduced by Republican Sen. Bob Corker of Tennessee and Democratic Sen. Mark Warner of Virginia on Tuesday, will also includ... ow.ly/2xR2mN

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