U.S. Lawmakers Backtrack on Pledges by Expanding Federal Role in Mortgages

Clea Benson and Lorraine Woellert Bloomberg 12/28/2011

Washington lawmakers, who began 2011 with sweeping plans to shrink the U.S. government’s role in mortgage finance, are heading into 2012 after enacting policies that expand it.

An 11th-hour payroll tax cut extension signed into law last week will for the first time divert funds directly from Fannie […]