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.
Getting 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.
This entry hasn't been re-blogged:
Re-Blogged By Re-Blogged At
- Topic: ActiveRain Community
- Northwest Florida Realtors and Associates
- Central Florida Real Estate - Four Corners
- Lets Do Business, Florida!
- All Things Florida
- Florida Rain Makers
Generate More Leads from this Listing
With a Trulia Pro Account
Find what you need?
See More Blog PostsAbout Real Estate! SEE MORE NOW!