Obama seeks broad mortgage overhaul wind down Fannie Mae and Freddie Mac
President Obama proposed a sweeping reform to the U.S. mortgage system in Phoenix. He would wind down Fannie Mae and Freddie Mac and shift most risk to the private sector while keeping government oversight and a last resort guarantee. The plan aims to preserve 30 year fixed rate mortgages and prevent taxpayer exposure to future losses.
MENTIONED IN THIS ARTICLE
Phoenix
Barack Obama
Fannie Mae
Freddie Mac
Obama
Posal
Senate
Fannie and Freddie
Bob Corker
Tennessee
Mark Warner
Virginia
Corker
Fannie
Freddie
GOP Split Over Moderating Image and Policy Shifts
The article outlines a GOP rift after Romney's 2012 defeat. One wing urges immigration reform and broader acceptance to win Hispanic voters, while another conservative faction pushes strict abortion limits and opposes a comprehensive immigration bill, risking clashes between campaign and congressional goals.
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GOP
U.S. House
Congress
House
Romney
Senate
Pentagon cuts civilian furloughs from eleven to six days
The Defense Department reduced unpaid civilian furloughs from 11 to six days as savings of about 1.5 billion dollars allow restoring five days and funding training for Air Force hours and six Army brigade teams. Secretary Chuck Hagel praised workers while noting lingering demoralization and budget uncertainties.
MENTIONED IN THIS ARTICLE
Washington, D.C
Pentagon
Defense
Chuck Hagel
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Julie Pace
Associated Press
U.S
Ee VN Martin
Housing and Urban Development
Shaun Donovan
Tours Erickson Construction
Chandler, Ariz
Charles Babington
Mitt Romney
Cruz
John C. Troutman, Jr
PIA
Merrill Lynch
Port Republic Street
Beaufort
Fami.com
John.troutman
Aiken
Laura Barber
Gregory Esselman
Patrick McMenamin
Aurora Place
BlueCross BlueShield
South Carolina
BlueCross
Blue Shield
Raig Musick
Mark Taylor and Associates, LLC
Craigmusick
Hotmail
Lolita C. Baldor
Hagel
Whiskey Road
Suite B . Aiken
Southcarolinagranite.com
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