WASHINGTON — The Senate Banking Committee dug into the details Tuesday of how a reformed housing finance system can ensure access to community banks, as agreement over a broad approach is beginning to emerge.

Industry representatives largely praised a proposal by Sens. Bob Corker, R-Tenn., and Mark Warner, D-Va., to overhaul Fannie Mae and Freddie Mac and set up a new secondary market that would also provide for the participation of smaller institutions through an expanded Federal Home Loan Bank system and other means.

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