mortgage market: Govt update on the Mortgage Market
- 02/11/11 06:57 AM
The Obama administration has given congress 3 options to choose from, to decrease government involvement in the mortgage market. The 3 options are; * No Government role, except for already existing agencies, ex. FHA. * A government guarantee of private mortgages triggered only when the markets are in trouble. * Government insurance for a targeted range of mortgage investments that already are guaranteed by private insurers. The govt guarantee would go into affect, only if those private companies could not pay. Any of these 3 options would lead to higher rates. The proposal is for the government to withdraw it support … (0 comments)
The Obama administration has given congress 3 options to choose from, to decrease government involvement in the mortgage market. The 3 options are; * No Government role, except for already existing agencies, ex. FHA. * A government guarantee of private mortgages triggered only when the markets are in trouble. * Government insurance for a targeted range of mortgage investments that already are guaranteed by private insurers. The govt guarantee would go into affect, only if those private companies could not pay. Any of these 3 options would lead to higher rates. The proposal is for the government to withdraw it support … (0 comments)
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