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Senior House Republican says housing finance reform ‘huge priority’

Reuters

A top U.S. Republican lawmaker will revisit a plan to reduce government involvement in the country’s housing finance system, and expects Senate colleagues to be receptive to potential changes, according to an interview aired on C-SPAN on Sunday.

Congressman Jeb Hensarling, who chairs the House Committee on Financial Services, said shepherding legislation to remove a government backstop for Fannie Mae and Freddie Mac would be a “huge priority,” adding that he is willing to compromise to get a bill passed.

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