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Fix home lending before the next bubble

Posted on 30 January 2013

It’s odd that President Barack Obama didn’t mention housing in his second inaugural address. After all, he spent his first term in the shadow of a housing meltdown, and remaking federal housing policy remains a central piece of unfinished business.
Let’s hope that Obama tells us in his State of the Union speech what his plans are for Fannie Mae, the Federal National Mortgage Association (FNMA), and Freddie Mac, the Federal Home Loan Mortgage Corp. (FMCC) The Federal Housing Administration seems headed for a multibillion-dollar bailout………………………………………..Full Article: Source


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Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


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