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Fannie and Freddie fate to be decided by year's end

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Mortgage Professional America | 13 Sep 2013, 05:20 AM Agree 0
The Senate Banking Committee will vote on housing finance legislation by year’s end as Congress tussles over the fate of Fannie and Freddie
  • GoBigDog | | 13 Sep 2013, 09:35 AM Agree 0
    So is NAR effectively supporting the dismantling of FNMA & FHLMC and the formation of a new GSE? What's the use?
  • TLC, Cincinnati | | 13 Sep 2013, 09:40 AM Agree 0
    Both FNMA and FHLMC have been made out as scapegoats in the scandals of the mortgage industry. Wall Street's desire for MBS was a vicious cycle fueled by unrestrained greed collective of those who were lining their pockets by its fruits.

    The GES's were acting on the directives to loosen guidelines which would generate more of the same and are not culpable.

    If home ownership is to be sustainable there must be backing but, only in an open market that is capitalist-centric yet tempered with reasonable regulation and support, free of onerous micromanagement by Washington's puppet masters.

    Neither of the proposed solutions will genuinely serve the American's seeking home ownership and put us back on the path to financial recovery.

    I challenge the freshmen leaders of our country for other outside the box solutions the establishment has not presented.
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