MORE NATIONAL NEWS

Michigan dog owner may be charged in fatal attack
Orders for US durable goods up 0.7 percent in June
Fox, Arnett share 'TMNT' love with Comic-Con crowd
Judge denies Hernandez's request for dismissal
Calif. dolls were meant to spread cheer, not chill
Central American leaders convening at White House
Pot may be legal, but homeowner agreements can ban
Cause sought for gunfight between patient, doctor
Navy secretary says combat ship costs will decline
Obama, Mexico's leader plot border surge strategy
Man says he shot burglar who said she was pregnant
Obama: Plane stiffens Europe's spine on sanctions
National Guard recruiter charged with fraud
How the Dow Jones industrial average did Thursday
Satellites show major Southwest groundwater loss
US stocks end little changed after mixed news
Honey bees sting Texas man about 1,000 times
Doctor describes Pennsylvania hospital shooting
Judge: James Holmes sanity exam can be recorded
Cruz demands answers on FAA flight ban to Israel
Bombardier restructuring cuts 1,800 jobs globally
Iowa man convicted of killing pregnant wife
Prosecutors: MMA fighter won't be charged in death
Ohio State marching band director fired
Fox won't air men's retry of failed Knievel jump
Morgan Stanley paying $275M to settle SEC charges
Prosecutor: Man wanted to bomb Harvard University
Dad charged after fallen dresser kills 2 toddlers
Oil train derails in Seattle rail yard; no spill
House advances lawsuit bill



United States News
News from the region's first prime-time newscast. You'll find it First On Fox!


OBAMA-HOUSING
White House welcomes Senate Banking Committee vote to overhaul mortgage lending

Reported by: Associated Press
Reported: Thursday, May 15, 2014 2:47 PM EDT
WASHINGTON


The White House is welcoming bipartisan legislation to overhaul the nation's mortgage financing system that has cleared a crucial Senate hurdle. The legislation would wind down the giant government-backed lenders Fannie Mae and Freddie Mac.

The Senate Banking Committee voted 13-9 Thursday to send the bill to the Senate floor. It still faces long odds to pass this year.

The bill would phase out Fannie and Freddie and reduce the government's role in guaranteeing mortgage securities. The two firms had to be rescued by a $187 billion taxpayer bailout during the financial crisis. A House Republican bill would go further in privatizing the mortgage market.

The White House says Thursday's vote, quote, "marks important progress toward completing one of the biggest remaining pieces of post-recession reform of the financial system."










PRIME PICKS

THE BIG BANG THEORY
Tonight at 7:30 PM

The Hofstadter Isotope
Wolowitz and Leonard decide to check out a local bar on Ladies' Night



Get 1/2 price gift certificates

Find us on Facebook

Advertisement