Bill to reform Fannie, Freddie unlikely soon

WASHINGTON (Reuters) - The U.S. housing finance system badly needs an overhaul, but chances for winding down ailing mortgage giants Fannie Mae and Freddie Mac in the near term are remote, the top Republican on the U.S. House of Representatives Financial Services Committee said on Tuesday.

Source: http://feeds.reuters.com/~r/Reuters/PoliticsNews/~3/MJzfEJ6dIsE/us-usa-housing-gse-reform-idUSTRE76B5XF20110712

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