Five Takeaways on Housing-Finance Reform From Obama’s Town Hall
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Market Chatter-Corporate finance press digest
Obama again made overtures towards the bill thats been the work of bipartisan lawmakers, led by Sens. Bob Corker (R., Tenn.) and Mark Warner (D., Va.), to replace Fannie and Freddie with a new framework of having the government act as a reinsurer of certain mortgage-backed securities. The principles they have announced are pretty consistent with the ones announced by me, said Mr. Obama.
Fix the mortgage finance system
There are big disagreements to be bridged, though, particularly about what Congress should replace Fannie and Freddie with if anything. The president signaled support for a Senate plan on which Mr. Corker has been working with Sen. Mark R.