Fannie and Freddie: Should they stay or should they go?

WASHINGTON ā€” Two steps forward and one step back.

That appears to be the current state of play regarding the effort to revamp the housing finance system.

On the one hand, House Financial Services Committee Chairman Jeb Hensarling made significant concessions this week in an effort to strike a bipartisan and bicameral deal, agreeing to include a government guarantee of the mortgage market and affordable housing measures.

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