The Congressional Budget Office (CBO) has released a report analyzing the expected costs and consequences of the main alternatives to Fannie Mae / Federal National Mortgage Assctn Fnni Me (OTCBB:FNMA) and Freddie Mac / Federal Home Loan Mortgage Corp (OTCBB:FMCC). A lot of its conclusions are straightforward, less government involvement in the secondary mortgage market probably means higher interest rates on home loans, but the CBO disputes the worst-case . . .

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