![]() ![]() Highlights of the Fannie Mae, Freddie Mac agreement Note: S.1217 was introduced in the Senate last June. Thus, the new legislation maintains a fairly prominent federal government role by providing a catastrophic backstop for mortgage securities that are partly backed by private capital. ![]() According to the press release, the agreement starts with the base text and generally maintains the overall architecture of S.1217 – Housing Finance Reform and Taxpayer Protection Act of 2013 (also known as the Corker-Warner bill).
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