(Reuters) - Under the legislation, a new, independent regulator would be created to oversee these mortgage giants, which have mortgage portfolios totaling more than $1.4 trillion.
A portion of both Fannie Mae and Freddie Mac's profits would be set aside for an affordable housing fund. But that would be capped at $520 million under the legislation.
Read more at Reuters.com Government Filings News
A portion of both Fannie Mae and Freddie Mac's profits would be set aside for an affordable housing fund. But that would be capped at $520 million under the legislation.
Read more at Reuters.com Government Filings News
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