Corker housing finance bill clears panel
The Tennessean - May 15, 2014 - May 15, 2014
The Tennessean
May 15, 2014, by Paul Barton
Sen. Bob Corker’s year-long quest to revamp the housing finance system cleared committee Thursday, but the Tennessee senator acknowledged he will need more support to get a Senate floor vote.
By a 13-9 margin, the Senate Banking, Housing and Urban Affairs Committee approved legislation that calls for a five-year phase-out of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
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