What if the housing market crashes again?
Specifically, what will happen to the mortgage market if the money market implodes because Fannie Mae and Freddie Mac are sitting on too much "funny money"?
Sounds to me like Congresswoman Waters ran off and put her head back in the sand.
I don't see signs of a crash. In fact, the market has recovered on strong fundamentals, common sense loans, and healthy property values.
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