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JLS - U.S. House takes a stab at Fannie-Freddie reform
Nuveen Mortgage Opportunity Term Fund
Ten years after the U.S. government took control over mortgage giants Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC), House Financial Services Chairman Jeb Hensarling introduced a proposal that would essentially close down Fannie and Freddie and shift their roles to private companies and the government's Ginnie Mae.
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