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New U.S. Housing Plan Expected Soon: Congress Aide
The Obama administration and the regulator for Fannie Mae and Freddie Mac are expected to unveil new steps to help distressed homeowners in the next week or two, a senior congressional aide said on Thursday. The aide said Feinstein "misspoke for a second" and meant the administration and the Federal Housing Finance Agency. After Senate Democrats met with Fed Chairman Ben Bernanke, Feinstein told reporters the central bank chief had stressed that more needed to be done to help the housing sector. "They are going to submit a list of recommendations next week," Feinstein told reporters. She said the pending proposals ... (full story)