In the wake of a legislative defeat, Freddie Mac will continue to press for a bill to "clarify" its charter to enable it to provide an alternative to private mortgage insurance.

Freddie Mac's chairman, Leland Brendsel, said his company would continue to pursue its goal in the next session of Congress. He blasted what he called "misinformation" that surrounded a failed amendment to this year's appropriations bill for the Department of Veterans Affairs and the Department of Housing and Urban Development.

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