FHFA director says Congress must decide on Fannie, Freddie

03/20/2013 | Reuters · Wall Street Journal, The

Federal Housing Finance Agency Acting Director Edward DeMarco urged lawmakers to decide how Fannie Mae and Freddie Mac are to be wound down. "While FHFA is doing what it can to encourage private capital back into the marketplace, so long as there are two government-supported firms occupying this space, full private sector competition will be difficult, if not impossible, to achieve," he said.

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Reuters · Wall Street Journal, The

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