fannie mae: White House "White Paper" outlines winding down Freddie and Fannie - 02/11/11 03:26 AM

 
There are no easy solutions to fixing the mess that is GBM's.  It's expected to cost hundreds of billions of dollars.  Yes, with a "B". And the process is expected to take years to complete.  Without giving specific recommendations in the proposal, the White House did give an outline of some of the things it would like to see implemented.  Including:
Shrinking the size of the portfolio of mortgages held by government housing finance agencies by at least 10 percent a year. Creating an insurance fund for mortgages much like bank deposit insurance, supported by premiums paid by lenders. Winding down … (7 comments)

 
Nick Dailey, RE/MAX: Northern Kentucky Real Estate - NKY MLS - Short Sale (RE/MAX Affiliates)

Nick Dailey

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