Fannie Mae and its sibling company, Freddie Mac, received US$187.5 billion in taxpayer funds after the mortgage meltdown. Photo: Reuters

Dismantling Fannie Mae and Freddie Mac would dent US housing recovery

Senate proposal to replace US government home-loan financiers with mortgage-bond insurer would push up costs and hit first-time buyers

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Fannie Mae and its sibling company, Freddie Mac, received US$187.5 billion in taxpayer funds after the mortgage meltdown. Photo: Reuters
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