House GOP'er: Government Needs To Restore Mortgage Investor Confidence

Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, Rep. Scott Garrett (R-N.J.), emphasizes the need for legislation he proposed last week. The “Private Mortgage Market Investment Act” would eliminate the government bailed out Fannie Mae and Freddie Mac in order to encourage private secondary mortgage investments. (0:17)

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