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FHFA Chief Backtracks On Shrinking Fannie, Freddie

By Evan Weinberger (May 13, 2014, 1:21 PM EDT) -- Federal Housing Finance Agency Director Melvin L. Watt on Tuesday announced a stark policy shift by saying that Fannie Mae and Freddie Mac would look to increase credit availability and broaden their footprint even as they try to attract private capital to the mortgage market....

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