The Obama Plan for Freddie and Fannie is Unvieled????

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Real Estate Sales Representative with Wizards of Waz Real Estate

And we waited all this time for what? I need to read more about this but this article outlines the "plan" set forth by the Obama administration for the GSEs. There administration said that they need to withdraw government oversight of the housing market but need to do it slowly and offered three options and will let lawmakers decide.

I may not be the sharpest knife in the drawer but it appears they do not want to take a stance on this issue. Why it took so long for this "decision" is beyond me asI could have come up with these options in my sleep! They should have just said "We don't want anything to do with this due to the political fallout so we are going to let you guys handle it".

What a joke!!!

http://www.cnbc.com/id/41529671/

 

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freddie mac
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maricopa arizona homes
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Rainer
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John Saari
Worcester, MA
"The Mortgage Buddy"

It's going to be a mess. Anticipate rates to go up.....

Feb 11, 2011 05:46 AM #1
Rainmaker
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Pat Laracy Baker
Realty Executives Boston West - Holliston, MA
Pat Baker Dream Home Maker

Not the best news. Higher rates, higher costs.  Thank you Bill for passing this along.

Feb 11, 2011 05:52 AM #2
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Bill "Waz" Wasowicz

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