The Miller-McCarthy bill would create a “secondary market facility” for residential mortgages, in essence a federal utility that would buy home loans, pool them into bonds, and insure their principal and interest payments. Photographer: Getty Images
The Miller-McCarthy bill would create a “secondary market facility” for residential mortgages, in essence a federal utility that would buy home loans, pool them into bonds, and insure their principal and interest payments. Photographer: Getty Images
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