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Sunday, May 26, 2024

Senators reach deal on housing rescue: sources

WASHINGTON (Reuters) - Key members of the U.S. Senate have reached a deal on a sweeping housing rescue plan in which Fannie Mae and Freddie Mac would backstop a government mortgage insurance fund, two industry sources said on Thursday.

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WASHINGTON (Reuters) – Key members of the U.S. Senate have reached a deal on a sweeping housing rescue plan in which Fannie Mae and Freddie Mac would backstop a government mortgage insurance fund, two industry sources said on Thursday.