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Real Estate Briefing - Categorized | Finance, Mortgage more

Fed says expand Fannie, Freddie role to aid housing

Posted on 05 January 2012

David ReslerThe U.S. government-run mortgage finance firms Fannie Mae and Freddie Mac could play a bigger role in turning around the battered U.S. housing market, the Federal Reserve told Congress, a call that looks set to run into stiff political opposition.
The Fed, in a paper sent to lawmakers on Wednesday, outlined an array of steps that could be taken to help the housing sector, including allowing Fannie and Freddie to provide cheaper mortgages to a broader pool of homeowners………………………………………..Full Article: Source


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