The Obama administration is urging housing advocates to stand behind legislation to overhaul the housing finance market, ahead of a Senate Banking Committee vote scheduled for the end of April.

Secretary of Housing and Urban Development Shaun Donovan defended the plan to unwind government-sponsored enterprises Fannie Mae and Freddie Mac at an event Wednesday hosted by the National Council of La Raza, a Hispanic civil rights organization, arguing that it would be an improvement over the status quo.

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