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House Democrats kick off housing finance reform debate

The Hill, By Vicki Needham

Three House Democrats on Thursday introduced a measure that would overhaul the housing finance system and preserve a government guarantee on mortgages.

Reps. John Delaney (Md.), John Carney (Del.) and Jim Himes (Conn.) said their measure would wind down mortgage giants Fannie Mae and Freddie Mac in five years, protect the fixed-rate 30-year mortgage and shield taxpayers from future bailouts.

Read the full article: House Democrats kick off housing finance reform debate