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GSE Reform Seen Taking Up To Six Years

Reforming Fannie Mae and Freddie Mac could take five to six years, longer than the four years projected in a Republican-backed plan, according to Bank of America Merrill Lynch, reports Housing Wire.

Reforming Fannie Mae and Freddie Mac could take five to six years, longer than the four years projected in a Republican-backed plan, according to Bank of America Merrill Lynch. Researchers Chris Flanagan and Jimmy Nguyen said the Republican is flawed, noting that winding down the government-sponsored enterprises in the shorter period “would introduce enormous instability into an economy that is struggling to recover.”

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