Warren and Allies Said to Reject Fannie Mae Overhaul Bill “Six Democrats whose support is crucial to a U.S. Senate plan to replace government-owned mortgage firms Fannie Mae and Freddie Mac (FMCC) have decided they won’t support the proposal without major revisions, dimming its chances of becoming law this year. The lawmakers agreed in a private meeting yesterday that they wouldn’t support the bipartisan proposal to replace the finance companies with a ...
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