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Thursday, June 20, 2024

Lawmakers set to write mortgage bailout bill

WASHINGTON (Reuters) - A U.S. House of Representatives panel that writes rules for the financial services industry is due on Thursday to outline a new federal program that could buy $300 billion in troubled home loans.

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WASHINGTON (Reuters) – A U.S. House of Representatives panel that writes rules for the financial services industry is due on Thursday to outline a new federal program that could buy $300 billion in troubled home loans.