WASHINGTON – Feb. 9, 2011 – A White Paper is expected to be released on Friday by President Obama with plans for Fannie Mae and Freddie Mac.  White House officials have indicated that the Goverment will cease involvement in the two companies, but this is not going to happen fast.

moneyGetting rid of Fannie Mae and Freddie would make homeownership more difficult as less mortgages may be issued.  

Florida Realtors explains that the White Paper will report “three options:
1.    No government role beyond oversight through existing federal agencies.
2.    A Government backstop role for mortgages during times of crisis only.
3.    Government involvement at all times.”

Read the full article here.

Christine R. Sutherland, REALTOR®
Downing-Frye Realty, Inc.  Naples & Bonita Springs, FLORIDA
Phone:          239-465-4525
Website:       http://WonderfulNaples.com
Email:           NaplesNaples@gmail.com

 
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5 Comments on Admin could faze out Fannie and Freddie

FEB
09
2011
319,713 Points 10 Featured Posts Outside Blog Called Shot Master

Thank you for the heads up on what could be happening next in our industry. Hopefully, NAR will take note of your advance notice and be prepared to comment and respond.
10:30pm • #1
167,645 Points 4 Featured Posts Outside Blog

Thanks for the link to the original article, it wasn't as lengthy as I feared!  All I can say is that I don't envy the people who have to try to get this all "untangled"!
10:37pm • #2
253,988 Points 27 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Talk is easy but they find that action on this will be much harder!  Thanks for visiting my post and leaving a comment!
11:02pm • #3
100,282 Points 2 Featured Posts Called Shot Master

Christine ~ thanks for the heads up on what's coming our way next.  Government guarantees seem to encourage bad underwriting that the taxpayers can ill afford so change needs to happen...
11:42pm • #4
FEB
10
2011
890,440 Points Outside Blog Called Shot Master

Christine - Thank you for sharing very good blog about the administration could faze out FNMA and Freddie Mac. Excellent information.
12:08am • #5


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Christine R. Sutherland, REALTOR® CIPS, TRC, e-Pro (Downing-Frye Realty, Inc - the best in SW Florida)

Christine R. Sutherland, REALTOR® CIPS, TRC, e-Pro

Naples, FL

More about me…

Downing-Frye Realty, Inc - the best in SW Florida

Address: 180 Tamiami Trail North, Suite 300, Naples, FL, 34102

Office Phone: (239) 261-2244 x 501

Cell Phone: (239) 465-4525

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