News Alert: Obama plans to preserve major government role in mortgage market
August 15, 2011 9:01:13 PM
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President Obama has concluded that the federal government must continue to play a significant role in the nation’s mortgage market, a milestone in the effort to craft a new housing policy from the wreckage of the mortgage meltdown. According to people familiar with the matter, a proposal now being developed by the administration could preserve, though with significant new constraints, mortgage companies Fannie Mae and Freddie Mac, which some critics say contributed to the financial crisis.
http://link.email.washingtonpost.com/r/5O5UA2/XTVC7T/MUU756/53Q8EN/7BZR2/4O/h
For more information, visit washingtonpost.com
Monday, August 15, 2011
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