freddie: Obama To Bail Out Underwater Homeowners | Fannie Freddie to FORGIVE Negative Equity? - 08/06/10 03:01 AM
 
I only partially agree this would be a good thing. In the near term it would help underwater home owners. However it does not address the stronger underlying issues in the economy – mainly unemployment.
Also, as Tim mentioned, it piles on a huge federal debt. The amazing rate at which the federal debt has grown in the last two years is making people very nervous. I think the long term effects would be negative.
 
 
Harris Real Estate University Students and future students…if this well sourced rumor is true….we are about the experience and simply epic shift for … (4 comments)

freddie: Fannie, Freddie, who favored reforms? - 09/17/08 03:32 AM
 Did any body see the troubles with with Fannie and Freddie coming? 
The "Federal Housing Enterprise Reform Act of 2005" was voted down by the Democratically controlled Senate. 
"....For years I have been concerned about the regulatory structure that governs Fannie Mae and Freddie Mac--known as Government-sponsored entities or GSEs--and the sheer magnitude of these companies and the role they play in the housing market. OFHEO's report this week does nothing to ease these concerns. In fact, the report does quite the contrary. OFHEO's report solidifies my view that the GSEs need to be reformed without delay.
I join as a … (8 comments)

 
Bob Southard, e-Pro - Cobb, Cherokee, North Fulton (Atlas Realty Service, LLC) Rainmaker large

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