U.S. Representative Barney Frank of Massachusetts, the top
Democrat on the House Financial Services Committee, talks about the
outlook for agreement on an overhaul of government-owned mortgage
companies Fannie Mae and Freddie Mac. Treasury Secretary Timothy F.
Geithner will present Congress with three options for reducing the
government's role in the nation’s housing finance system and shrinking
the footprint of the mortgage companies, according to two people
familiar with the plan. Frank talks with Peter Cook on Bloomberg
Television's "Street Smart." Bloomberg's Carol Massar also speaks. ...
Source: National Mortage Professional
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