Well its here, the Federal Government is finally taking out both Fannie Mae and Freddie Mac.  While the national and world markets rose sharply over this news, the direct affect on real estate agents, brokers, investors and mortgage originators will have to be seen.

While bi-partisan support is noted on Capital Hill, the Republicans and Democrats both primarily use the two mortgage giants for different reasons.  For Republicans, the primary use is for capitalistic investment purposes and for Democrats, the primary use is for the housing availability for low to moderate income families.  Regard less of the exact outcome, there will be both pros and cons to this turbulent move. 

I will continue to stay on top of it and will report our findings to keep you all abreast of what we feel will be the primary affects to you all.  Hopefully, the pros will out weigh the cons. 

Greg Adelman

715-483-0012

612-735-4414 cell

612-395-5444 fax

www.midwesthomecenter.com