Mortgage Professional America forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Housing advocate: Congress should focus on fixing – not replacing – Fannie and Freddie

Notify me of new replies via email
Mortgage Professional America | 20 May 2014, 07:40 AM Agree 0
Congress should go back to the drawing board on its plans for reforming Fannie and Freddie, says the head of a housing advocacy group
  • Larry | | 20 May 2014, 10:44 AM Agree 0
    Read Mr. Taylors comments, at least someone has a little c9ommon sense.
  • Cheryl M | | 20 May 2014, 11:29 AM Agree 0
    Hip Hip Hooray!!!! Now Taylor needs to get together with those Democ. that took themselves out of the vote for this "Crapo" Bill ...Warren, Schumer etc....and etch some common sense into a BIll that will actually do just that, fix not dismantle. Our housing is already at a sensitive state this would cause another housing collapse (something we don't need right now)
  • Stan J | | 20 May 2014, 12:23 PM Agree 0
    Two entities with a history of scandals involving malfeasance and mismanagement are called upon to "regulate" others. That is what is wrong with our system.
    It is time for the private sector to step up and sponsor its own mortgage insurance plan and regulation of the mortgage industry instead of relying upon taxpayer subsidies as do the Wall Street Banksters. We have too many money-changers and not true capitalists in the real estate industry.
  • Phil Corvinus | | 20 May 2014, 01:00 PM Agree 0
    It is apparent that Stan does not know what he is talking about and nothing about the mortgage industry and how it operates.It would take at least ten years before a new start up of any replacement entity could do what FNMA was doing 40 years ago. Get real Stan, the real problem was congress forcing them to drop their under writng requirements so the people on welfare could buy houses
Post a reply