The Senate Banking Committee's efforts to reform the mortgage finance system have been lauded by a variety of stakeholders, but details from a new bill are stoking fresh concerns from Fannie Mae and Freddie Mac shareholders.

Just as lawmakers seek to wind down the two government-sponsored enterprises and replace them with a new housing finance structure, lawsuits—claiming investors in the GSEs are owed profits that were made after the firms went into conservatorships in 2008—have gone unresolved.

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