Fannie-Freddie Talks Set Competition as the Cost of Freedom
- Senators want to keep U.S. control until competitors emerge
- Corker-Warner proposal aims to lower barriers to market entry
Photographer: David Paul Morris/Bloomberg
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A pair of U.S. senators is determined to entice more companies to compete with Fannie Mae and Freddie Mac in the housing-finance market.
If no rivals develop, the mortgage-finance giants could remain where they are now: under government control.