House Dems To Sic Watchdog On Fannie, Freddie

House Democrats are working on a rapid legislative fix that would finally put an independent watchdog in place at the agency with authority over Fannie Mae, Freddie Mac and the Federal Home Loan Banks - which collectively hold or guarantee more than $6 trillion in mortgages. More than six months ago, officials from the Federal Housing Finance Agency challenged the authority of acting inspector general Ed Kelley to continue to serve in that role.

 

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