Fannie Mae, Freddie Mac to be phased out in Obama mortgage plan

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Fannie Mae, Freddie Mac to be phased out in Obama mortgage plan

Fannie Mae, Freddie Mac to be phased out in Obama mortgage plan
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Fannie Mae, Freddie Mac to be phased out in Obama mortgage plan

by WLS – Chicago 3:06 mins

Buoyed by an improving housing market, President Barack Obama on Tuesday proposed a broad overhaul of the nation's mortgage finance system, including winding down government-backed Fannie Mae and Freddie Mac.

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