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Fannie, Freddie say overhaul would boost mortgage rates

Wall Street Journal

April 28, 2014
By Nick Timiraos

Ahead of a key Senate vote scheduled for this week on a bill to replace Fannie Mae and Freddie Mac, the companies outlined concerns about the bill in detailed memos distributed to lawmakers on Friday.

Fannie and Freddie, which were taken over by the U.S. in 2008, haven’t been allowed to lobby. But the Treasury Department, which injected nearly $188 billion to keep the companies afloat, asked the companies to provide technical input on the Senate bill, which the White House supports.

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