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Obama Calls for Ending Fannie, Freddie

Started by Apt_Boy
over 15 years ago
Posts: 675
Member since: Apr 2008
Discussion about
Another blow to potential home-owners and the eventual increase in mortgage rates to new buyers... http://www.bloomberg.com/news/2011-02-11/obama-administration-calls-for-ultimately-winding-down-fannie-freddie.html
Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009

oh no, what will Barney Frank do?

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Response by NYC10013
over 15 years ago
Posts: 464
Member since: Jan 2007

Do I hear $500 psf?

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Response by Apt_Boy
over 15 years ago
Posts: 675
Member since: Apr 2008

$800 will be sufficient

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Response by ProperService
over 15 years ago
Posts: 207
Member since: Jun 2008

Good news, hear hear!

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Response by Riversider
over 15 years ago
Posts: 13573
Member since: Apr 2009

The media is eating up Obama's new centrist image.

I bet it works for him. 4 more years.

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Response by Riversider
over 15 years ago
Posts: 13573
Member since: Apr 2009

And what private market exists for mortgages today? Until they figure out who will take the first loss on a private mortgage there is no non-governmental solution.

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