House vote reins in Freddie, Fannie - Business - The Washington Times, America's Newspaper

House vote reins in Freddie, Fannie - Business - The Washington Times, America's Newspaper: "House vote reins in Freddie, Fannie

October 27, 2005

ASSOCIATED PRESS
The House yesterday approved tighter oversight of the two largest buyers of home mortgages as majority Republicans also barred groups that run voter registration drives from getting money from a housing fund the companies would create.
The legislation, passed by a 331-90 vote despite White House opposition, would rein in Fannie Mae and Freddie Mac, the government-sponsored companies that combine to finance or guarantee more than three-quarters of U.S. home mortgages. "