Admin could faze out Fannie and Freddie

By
Real Estate Agent with Downing-Frye Realty, Inc - the best in SW Florida


WASHINGTON – Feb. 9, 2011 – A White Paper is expected to be released on Friday by President Obama with plans for Fannie Mae and Freddie Mac.  White House officials have indicated that the Goverment will cease involvement in the two companies, but this is not going to happen fast.

moneyGetting rid of Fannie Mae and Freddie would make homeownership more difficult as less mortgages may be issued.  

Florida Realtors explains that the White Paper will report “three options:
1.    No government role beyond oversight through existing federal agencies.
2.    A Government backstop role for mortgages during times of crisis only.
3.    Government involvement at all times.”

Read the full article here.

Posted by

Christine R. Sutherland, REALTOR®
Downing-Frye Realty, Inc.  Naples & Bonita Springs, FLORIDA
Phone:          239-465-4525

Website:       http://WonderfulNaples.com
Email:           NaplesNaples@gmail.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tree to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Location:
Florida
Groups:
All Things Florida
Central Florida Real Estate - Four Corners
Florida Rain Makers
Lets Do Business, Florida!
Northwest Florida Realtors and Associates
Tags:
fannie mae
freddie mac
live on the beach
woderful naples homes
woderful naples condos

Comments 5 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the key to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Ambassador
332,384
Emily Medvec
Realtor, Santa Fe NM |CNE CRS RSPS | 505-660-4541
Keller Williams Santa Fe

Thank you for the heads up on what could be happening next in our industry. Hopefully, NAR will take note of your advance notice and be prepared to comment and respond.

February 09, 2011 10:30 PM
Rainmaker
178,524
Brenda Whitman
Associate Broker, Laramie, Wyoming
CENTURY 21 Real Estate Center, Inc., Laramie, Wyoming

Thanks for the link to the original article, it wasn't as lengthy as I feared!  All I can say is that I don't envy the people who have to try to get this all "untangled"!

February 09, 2011 10:37 PM
Rainmaker
254,106
Connie Goodrich
CRS ABR (McKinney Realtor)Texas
Keller Williams Realty

Talk is easy but they find that action on this will be much harder!  Thanks for visiting my post and leaving a comment!

February 09, 2011 11:02 PM
Rainer
100,784
Keith Vermilyea
Silvercreek Realty Group

Christine ~ thanks for the heads up on what's coming our way next.  Government guarantees seem to encourage bad underwriting that the taxpayers can ill afford so change needs to happen...

February 09, 2011 11:42 PM
Rainmaker
1,074,216
John Pusa
Your All Time Realtor With Exceptional Service
Sellstate Pacific Realty

Christine - Thank you for sharing very good blog about the administration could faze out FNMA and Freddie Mac. Excellent information.

February 10, 2011 12:08 AM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the eye to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainer
69,868

Christine R. Sutherland

REALTOR - CIPS, TRC, e-Pro
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the pencil to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase: