Thursday a new bill was presented to the U.S. House Financial Services Committee. It would do away with Freddie Mac and Fannie Mae in favor of a new housing loan structure bill. Rep. Maxine Waters (D) outlined a measure challenging the more conservative approach of Rep. Jeb Hensarling (R). The proposal will create a new lender-owned cooperative that would issue government-backed loans. The new plan includes government guarantees for home loans eligible to receive federal insurance.
More from Video
Breaking down an approach to the long side of this biotech stock.
AMSC CEO discusses that and China challenges.
One of pharma's biggest CEO's talks M&A action on the exchange.
Citi overcame a mixed print to send its stock surging on Monday.