Obama urges 'wind down' of Fannie Mae and Freddie Mac

8:48 am
Wed August 7, 2013

Obama urges 'wind down' of Fannie Mae and Freddie Mac

Lead in text: 
US President Barack Obama has urged a revamp of the housing market that would "wind down" government-owned mortgage giants Fannie Mae and Freddie Mac.
US President Barack Obama has urged a revamp of the housing market that would "wind down" government-owned mortgage giants Fannie Mae and Freddie Mac. Speaking in Arizona, Mr Obama said action was needed to ensure that the rebounding US property market does not simply "re-inflate the housing bubble".