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Obama Administration Plan Provides Path Forward for Reforming America’s Housing Finance Market
This article can be found on Treasury.gov  I have highlighted some items that will be of concern to the Real Estate Community.  At the end of the article you will find a link to the White Paper explaining the Administrations proposal.  Obama Administration Plan Provides Path Forward for Reforming America’s Housing Finance Market, Winding down Fannie Mae and Freddie Mac 2/11/2011
Reforms Will Shrink the Government’s Footprint in Housing Finance on a Responsible Timeline, Help Protect Taxpayers   Plan Includes Critical Measures to Help Fix the Fundamental Flaws in the Mortgage Market, Better Target Government’s Support for Affordable Housing   WASHINGTON – Today, the Obama Administration delivered a report to Congress that provides a path forward for reforming America’s housing finance market.  The Administration’s plan will wind down Fannie Mae and Freddie Mac and shrink the government's current footprint in housing finance on a responsible timeline.  The plan also lays out reforms to continue fixing the fundamental flaws in the mortgage market through stronger consumer protection, increased transparency for investors, improved underwriting standards, and other critical measures.  Additionally, it will help provide targeted and transparent support to creditworthy but underserved families that want to own their own home, as well as ... more

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