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White House welcomes Senate panel's housing vote

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WASHINGTON (AP) — The White House welcomed bipartisan legislation to overhaul the nation's mortgage financing system that cleared a crucial Senate hurdle on Thursday. The legislation would wind down the giant government-backed lenders Fannie Mae and Freddie Mac. The Senate Banking Committee voted 13-9 to send the bill to the Senate floor. It still faces long odds to pass this year. The bill...

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