Is it the “end of the 30 year loan?” I was just reading an LA Times article: Are we facing the end of the 30-year fixed-rate mortgage? “Many housing proponents say that it will”.... “they contend that the 30-year mortgage will become a relic of a bygone era when mortgage money was cheap and easy to come by.” .... Are FHA, Fannie Mae, and Freddy Mac three different entities? Can someone give me the simplest explanation of these three programs? How will the dismantling Fannie Mae and Freddie Mac affect residential real estate? Has it been confirmed that the Government is going to eliminate them?
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