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Rep. Hensarling called into question the need for a 30-year fixed rate mortgage, a hallmark of the American housing system, which would likely be eliminated without a government guarantee.

House GOP Likely to Clash with Senate on GSE Reform

A bipartisan bill to reform the mortgage finance system being crafted in the Senate has already drawn praise from a variety of stakeholders, but the effort is almost certain to meet strong resistance from House Republicans.

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