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Obama seeks reduced government role in mortgage system
The Obama administration proposed shrinking federal involvement in housing finance by slowly dissolving Fannie Mae and Freddie Mac and shifting more risk to private capital. Three options would limit government guarantees, with brief roles for FHA, possibly raising mortgage costs and drawing opposition from lawmakers and consumer groups alike.
MENTIONED IN THIS ARTICLE
Washington
Obama
Treasury Department
Fannie Mae
Freddie Mac
Congress
Thomas Lawler
Virginia
Treasury
Timothy Geithner
Fannie and
Freddie
Fannie
United States
FHFA
Federal Housing Administration
Senate
White House
Jeb Hensarling
Texas