House Financial Services Committee votes to rein in mortgage giants

[babylonsister]

http://news.yahoo.com/s/ap/20070329/ap_on_go_co/congress_mortgage_giants;_ylt=AnGulbHcU._n0TeEgKMwKWXMWM0F

Panel votes to rein in mortgage giants

Thu Mar 29, 6:16 PM ET

WASHINGTON - The two largest buyers of home mortgages, Fannie Mae and Freddie Mac, would be brought under tighter government oversight in a bill that won approval Thursday from a House committee.

The House Financial Services Committee voted 45-19 to send the legislation, the product of compromise between majority Democrats and the Bush administration, to the full House.

Thirteen Republicans joined the Democrats to support the proposal for stricter federal oversight of the two government-sponsored companies, which together finance or guarantee more than three-quarters of U.S. home mortgages.

The accounting scandals that roiled Fannie Mae and Freddie Mac in recent years brought demands for cuts in their massive mortgage holdings — now worth a combined $1.5 trillion.

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[MadMaddie]

1. I wonder who the 19 were that voted against it?