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Bloomberg News
The new GSE bill proposed by Rep. Maxine Waters, D-Calif., aims to ensure smaller banks can compete in a future housing finance system.

How Waters' Bill Could Shift GSE Debate

Rep. Maxine Waters' plan to overhaul the mortgage finance market may be dead-on-arrival in the House, but it is still likely to help determine the fate of a separate Senate bill seen as the leading congressional attempt to enact reform.

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