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Stock Market & Financial Investment News

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May 15, 2014
14:26 EDTFMCC, FNMAKey Republican says Senate housing bill too late, The Hill reports
A housing finance reform bill that was passed by a Senate committee is probably too late and is unlikely to gain momentum before the midterm elections, said GOP Congressman Jeb Hensarling, the chairman of the House Financial Services Committee, according to The Hill. The Senate's bill would eliminate Fannie Mae (FNMA) and Freddie Mac (FMCC), the website stated. Reference Link
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