NEW YORK May 1 A transition that involves an overhaul of U.S. mortgage agencies Fannie Mae and Freddie Mac might take more than five years, depending on the severity of proposed changes, an official at Federal Housing Finance Agency said on Monday.
If there were a "very radical" reform of the two government-sponsored enterprises, which the government took control of in 2008 during the global credit crisis, "we need more time" for the transition, said Robert Ryan, special advisor and acting deputy director at the FHFA, which regulates Fannie and Freddie, at a conference sponsored by the Mortgage Bankers Association. (Reporting by Richard Leong; Editing by Meredith Mazzilli)
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LONDON, June 24 Six emails sent by and to an Arconic Inc sales manager raise questions about why the company supplied combustible cladding to a distributor for use at Grenfell Tower, despite publicly warning such panels were a fire risk for tall buildings.
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June 23 If Amazon.com Inc hopes to revolutionize grocery delivery, then its bid to buy Whole Foods Market Inc for $13.7 billion will be just the start of a long and costly process.