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Obama Administration Plan Provides Path Forward for Reforming America’s Housing Finance Market

WASHINGTON—(ENEWSPF)—February 11, 2011.  Today, the Obama Administration delivered a report to Congress that provides a path forward for reforming America’s housing finance market.  The Administration’s plan will wind down Fannie Mae and Freddie Mac and shrink the government’s current footprint in housing finance on a responsible timeline.  The plan also lays out reforms to continue fixing the fundamental flaws in the mortgage market through stronger consumer protection, increased transparency for investors, improved underwriting standards, and…

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