Real estate blog entries tagged with congress by Craig Grella (CreativeREO)

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Home : Blogs : Craig Grella : CreativeREO : Tag "congress"

congress: Overhaul of Fannie and Freddie WILL have Broader Consequences in The Housing Market - 01/24/11 07:29 PM

The United States Treasury faces a deadline at the end of the month, set by the Dodd-Frank financial overhaul legislation, at which time it needs to have issued a report on Fannie and Freddie and make recommendations on the future of the two organizations.
In 2008, at the height of the recession and financial collapse, the government took control of the two beleagured giants, which own or guarantee between 50-60% of the total mortgage market in America, a number well into the trillions of dollars.
While the White House has not yet commented on a course of action it announced on … (2 comments)

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