Reuters: Politics: House Republicans eye closing Fannie Mae, Freddie Mac in five years

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House Republicans eye closing Fannie Mae, Freddie Mac in five years Jul 11th 2013, 14:46 Tweet Share this Email Print Related News Obama pushes House Republicans on immigration Wed, Jul 10 2013 Investment group sues U.S. over Fannie, Freddie bailout terms Sun, Jul 7 2013 Citi to pay Fannie $968 million to settle mortgage claims Mon, Jul 1 2013 Who makes the most in Obama's White House? Fri, Jun 28 2013 Senate passes sweeping immigration legislation Thu, Jun 27 2013 Analysis & Opinion History repeats itself, financial-regulation edition Why Obama must prevail for a 'grand bargain' A general view of Fannie Mae headquarters in Washington March 30, 2012. Credit: Reuters/Jonathan Ernst WASHINGTON | Thu Jul 11, 2013 10:46am EDT WASHINGTON (Reuters) - A group of Republicans in the House of Representatives on Thursday unveiled draft legislative that would wind down mortgage finance giants Fannie Mae and Freddie Mac over five years, strip the mortgage securitization process from government control and revamp the Federal Housing Administration. The sweeping proposal aims to establish a new framework for the housing finance system and reduce the government's footprint in the market as much as possible, Republican members of the House Financial Services Committee told reporters. (Reporting by Margaret Chadbourn; Editing by Vicki Allen) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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