By Aleksandrs Rozens, Associated Press
The Department of Housing and Urban Development does not support the current House version of proposed legislation designed to regulate housing agencies Freddie Mac and Fannie Mae, a HUD official told mortgage banking professionals at an industry conference here on Tuesday.
“The House (of Representatives) version is not a bill the HUD can back,” Brian Montgomery, assistant secretary for Housing-Federal Housing Commissioner, told an audience of mortgage bankers.
For this complete story, please visit HUD Doesn’t Back Proposed Fannie, Freddie Oversight Bill.
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